Maryland-based Pebblebrook Hotel Trust, which owns the W Hotel in Boston and another 19 nationwide, is predicting net income available to common shareholders of between $3 million and $8 million in 2012.

Pebblebrook forecasted revenue per available room (RevPAR) across its portfolio to come in between $173 and $176 for the year. Funds from operations are expected to total between $62 million and $67 million.

The REIT said it based its outlook on an assumed continued improvement in the overall U.S. economy, with GDP growth of between 2 percent and 2.5 percent nationally. Pebblebrook also said it assumed the hotel industry would continue to grow at a 6 percent to 8 percent annual rate.

"We continued to experience healthy demand growth in travel, from both business and leisure, throughout the fourth quarter, allowing Pebblebrook and the industry to increase occupancies and push pricing," Pebblebrook Chairman, President and CEO Jon Bortz said in a statement. "We expect that 2012 will be a very good year for the overall hotel industry, with the continuation of these positive trends. We’re forecasting U.S. industry RevPAR to increase between 6 percent and 8 percent over 2011. Our portfolio, comprised of high quality hotels located in major gateway cities, should benefit from this strong recovery in travel and outperform the industry. For our portfolio, we’re forecasting RevPAR to increase 8 percent to 10 percent."

The company owns 20 hotels, comprised of 14 wholly owned hotels with a total of 3,812 guest rooms, and a 49 percent joint venture interest in six hotels with a further 1,733 guest rooms. The company owns, or has an ownership interest in, hotels located in nine states and the District of Columbia, according to a statement.