PEBBLEBROOK HOTEL TRUST (a Maryland Real Estate Investment Trust) [•] Common Shares of Beneficial Interest PURCHASE AGREEMENTPurchase Agreement • July 21st, 2010 • Pebblebrook Hotel Trust • Real estate investment trusts • New York
Pebblebrook Hotel Trust, a Maryland real estate investment trust (the “Company”) and Pebblebrook Hotel, L.P., a Delaware limited partnership and the operating partnership of the Company (in such capacity, the “Operating Partnership”), each confirms its agreement with Raymond James & Associates, Inc. (“Raymond James”), Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) and each of the other Underwriters named in Schedule A hereto (collectively, the “Underwriters,” which term shall also include any underwriter substituted as hereinafter provided in Section 10 hereof), for whom Raymond James and Merrill Lynch are acting as representatives (in such capacity, the “Representatives”), with respect to (i) the sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of the respective numbers of common shares of beneficial interest, par value $0.01 per share, in the Company (the “Common Shares”) set forth in Schedule A hereto and (ii) the gran
