<SEC-DOCUMENT>0001033984-17-000004.txt : 20170213
<SEC-HEADER>0001033984-17-000004.hdr.sgml : 20170213
<ACCEPTANCE-DATETIME>20170213124949
ACCESSION NUMBER:		0001033984-17-000004
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170213
DATE AS OF CHANGE:		20170213

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pebblebrook Hotel Trust
		CENTRAL INDEX KEY:			0001474098
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				271055421
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-85156
		FILM NUMBER:		17597486

	BUSINESS ADDRESS:	
		STREET 1:		7315 WISCONSIN AVE
		STREET 2:		SUITE 1100 WEST
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814
		BUSINESS PHONE:		240-507-1300

	MAIL ADDRESS:	
		STREET 1:		7315 WISCONSIN AVE
		STREET 2:		SUITE 1100 WEST
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CBRE CLARION SECURITIES LLC
		CENTRAL INDEX KEY:			0001033984
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				232802869
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		201 KING OF PRUSSIA RD
		STREET 2:		SUITE 600
		CITY:			RADNOR
		STATE:			PA
		ZIP:			19087
		BUSINESS PHONE:		6109952500

	MAIL ADDRESS:	
		STREET 1:		201 KING OF PRUSSIA ROAD
		STREET 2:		SUITE 600
		CITY:			RADNOR
		STATE:			PA
		ZIP:			19087

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ING CLARION REAL ESTATE SECURITIES LLC
		DATE OF NAME CHANGE:	20090522

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ING CLARION REAL ESTATE SECURITIES/N L.P.
		DATE OF NAME CHANGE:	20050812

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLARION CRA SECURITIES
		DATE OF NAME CHANGE:	20000811
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>PEB_2016.txt
<DESCRIPTION>CBRE CLARION 13G_2016
<TEXT>
<PAGE>   1

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934

(Amendment)

Pebblebrook Hotel Trust
(Name of Issuer)

Ordinary Shares
(Title of Class of Securities)

70509V100
(CUSIP Number)

December 31, 2016
(Date of Event Which Requires Filing of this Statement)

<PAGE>   2

Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
	xRule 13d-1(b)
	 Rule 13d-1(c)
	 Rule 13d-1(d)


1. NAME OF REPORTING PERSONS
	CBRE Clarion Securities, LLC

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	Not Applicable

3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION
	Organized in the state of Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

5. SOLE VOTING POWER

	 3,500

6. SHARED VOTING POWER

	 0

7. SOLE DISPOSITIVE POWER

	 3,500

8. SHARED DISPOSITIVE POWER

	 0

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	 3,500

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES



11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

	0.00%

12. TYPE OF REPORTING PERSON

	IA

<PAGE>   3

Item 1(a). Name of Issuer:
Pebblebrook Hotel Trust

Item 1(b). Address of Issuer's Principal Executive Offices:
"7315 WISCONSIN AVE, SUITE 1100 WEST
BETHESDA, MARYLAND 20814"

Item 2(a). Name of Person Filing:
CBRE Clarion Securities, LLC

Item 2(b). Address of Principal Business Office or, if None, Residence:
CBRE Clarion Securities, LLC
201 King of Prussia Road
Suite 600
Radnor, PA 19087

Item 2(c). Citizenship:
See item 4 on Page 2

Item 2(d). Title of Class of Securities:
Ordinary Shares

Item 2(e). CUSIP Number:
70509V100

Item 3.	If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
(Not Applicable)
(a)  	Broker or dealer registered under Section 15 of the Securities Exchange
	Act of 1934, as amended (the "Exchange Act");
(b)  	Bank as defined in Section 3(a)(6) of the Exchange Act;
(c)  	Insurance company as defined in Section 3(a)(19) of the Exchange Act;
(d)  	Investment company registered under Section 8 of the Investment Company
	Act of 1940, as amended (the "Investment Company Act");
(e) x	Investment adviser in accordance with Rule 13d 1(b)(1)(ii)(E) under the
	Exchange Act;
(f)  	Employee benefit plan or endowment fund in accordance with
	Rule 13d-1(b)(1)(ii)(F) under the Exchange Act;
(g)  	Parent holding company or control person in accordance with
	Rule 13d-1(b)(ii)(G) under the Exchange Act;
(h)  	Savings association as defined in Section 3(b) of the Federal Deposit
	Insurance Act;
(i)  	Church plan that is excluded from the definition of an investment company
	under Section 3(c)(14) of the Investment Company Act;
(j)  	Group in accordance with Rule 13d-1(b)(1)(ii)(J) under the Exchange Act.

Item 4.	Ownership.
(a) Amount beneficially owned:
	See item 9 on Page 2

(b) Percent of class:
	See item 11 on Page 2

(c) Number of shares as to which such person has:
 	(i)	Sole power to vote or to direct the vote:
 	See item 5 on Page 2

 	(ii)	Shared power to vote or to direct the vote:
 	See item 6 on Page 2

 	(iii)	Sole power to dispose or to direct the disposition of:
 	See item 7 on Page 2

 	(iv)	Shared power to dispose or to direct the disposition of:
 	See item 8 on Page 2

Item 5.	Ownership of Five Percent or Less of a Class.
Yes

Item 6.	Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable

Item 7.	Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control Person
Not Applicable

Item 8.	Identification and Classification of Members of the Group.
Not Applicable

Item 9.	Notice of Dissolution of Group.
Not Applicable

Item 10. Certification.
By signing below we certify that, to the best of our knowledge and belief,
the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that
purpose or effect.

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.



CBRE CLARION SECURITIES, LLC.


By:

/s/ Robert S. Tull
(Signature)

Robert S. Tull
Chief Compliance Officer
(Name/Title)
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>