Use this presentation for reference: https://s1.q4cdn.com/130404765/files/doc_presentations/2023/Aug/31/investor-presentation-august-2023-final-hq.pdf

Refer to the Pebblebrook Hotel Trust Investor presentation dated August 2023.

1. Our presenters in class on September 19, 2023, discussed the fact the share price of their company is trading at a substantial discount to Net Asset Value. There are several slides in the referenced investor presentation that explain this discount and build a bridge between the public market value and the Net Asset Value. Pick a few of the reasons for this difference in value and explain in your words how the company is attempting to explain to investors why the REIT's stock is worth more than the current stock price.
2. The referenced documents present a list of capital investments scheduled for 2023. Pick one of these investments and explain why you agree that this investment will improve the value of the specified asset. You may argue that you do not believe it will improve the value of the asset.