Maryland-based Pebblebrook Hotel Trust, which recently entered into an $89.5 million deal to acquire Boston’s W Hotel & Residences, has reported a first quarter net loss to common shareholders of $3.6 million, compared to a loss of $600,000 in the same period last year.

Revenue per available room (RevPAR) across its entire, 11-hotel portfolio rose to $120.27, up 8.7 percent from $110.62 in the first quarter of 2010.

"Demand for hotel rooms across the U.S. grew strongly in the first quarter of the year, benefitting from a further recovery in business travel, including both group and transient travel," Jon E. Bortz, chairman, president and CEO of Pebblebrook Hotel Trust, said in a statement. "Moreover, with industry supply growth minimal, this demand growth has led to healthy increases in industry occupancy levels and average daily rates. We are extremely pleased with the performance of our new portfolio of hotels in the first quarter and remain optimistic about our outlook for all of 2011. Even with the disruption caused by ongoing renovations at several of our properties during the quarter, our hotels demonstrated an ability to increase average room rates throughout the portfolio, exceeding our expectations."