Share-Based Compensation Plan (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Service Condition Restricted Share Activity

The following table provides a summary of service condition restricted share activity for the years ended December 31, 2025, 2024 and 2023:


	Shares	Weighted-Average Grant Date Fair Value
Unvested at January 1, 2023	567,317	$	21.60
Granted	113,084	$	15.04
Vested	(183,721)	$	23.14
Forfeited	(53,131)	$	16.72
Unvested at December 31, 2023	443,549	$	19.88
Granted	139,134	$	16.11
Vested	(171,508)	$	21.20
Forfeited	(3,127)	$	15.69
Unvested at December 31, 2024	408,048	$	18.07
Granted	165,582	$	12.80
Vested	(166,135)	$	19.70
Forfeited	(7,870)	$	14.44
Unvested at December 31, 2025	399,625	$	15.28

Schedule of Performance-Based Equity Awards, Fair Value Assumptions

The grant date fair value of the performance awards, with market conditions, were determined using a Monte Carlo simulation method with the following assumptions (dollars in millions):


Performance Award Grant Date		Percentage of Total Award	Grant Date Fair Value by Component	Volatility	Interest Rate	Dividend Yield

February 12, 2020
	Relative Total Shareholder Return	100.00%	$4.9	23.40%	1.41%	—%

February 18, 2021
	Relative Total Shareholder Return	100.00%	$6.0	56.00%	0.19%	—%

May 16, 2022
	Relative Total Shareholder Return	100.00%	$5.3	58.70%	2.72%	—%

February 17, 2023
	Relative and Absolute Total Shareholder Return	70.00% / 30.00%	$6.0	61.60%	4.31%	—%

February 15, 2024
	Relative and Absolute Total Shareholder Return	70.00% / 30.00%	$6.6	38.50%	4.38%	—%

	February 7, 2025
	Relative and Absolute Total Shareholder Return	70.00% / 30.00%	$4.5	37.60%	4.31%	—%

Pebblebrook Hotel Trust 10-K