Cramer Interviews Pebblebrook Hotel Trust CEO

"Even after an incredible day like today, we still need to play it safe," Jim Cramer said Wednesday on CNBC's "Mad Money." And to him, that means sticking with two major D's — dividends and domestic security.

"Those are the things that will keep you safe if this rally reverses itself and the market takes a turn for the worse," he said. "Something we’ve seen happen many times before."

Take Pebblebrook Hotel Trust, for example. The Bethesda, Md.-based real estate investment trust does all of its business domestically — with 21 hotels in 14 markets all across major metropolitan areas like Los Angeles and New York City. Formed back in December 2009, the REIT skillfully used the economic downturn to buy out upscale hotels at bargain prices, and unlike other REITs out there, Pebblebrook isn't "saddled with any legacy assets that the company paid way too much for" prior to the recession.

Now, Pebblebrook's properties are staging a comeback, Cramer said. The company reported a "terrific" last quarter and its occupancy rate grew 6 percent to roughly 74 percent. Pebblebrook is also renovating some of its hotels, which should allow them to charge more per room, he said. On top of that, chairman and CEO Jon Bortz previously ran LaSalle Hotel Properties, which "dramatically" outpaced its peers under his reign.

To learn more about the company and its future prospects, Cramer sat down to chat with Bortz. Watch the video to see the full interview.

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