Articles tagged “REITs”

Stocks rallied again on Friday as treasury bond yields continued to plunge. Lodging stocks were higher, led by REITs although the new age companies went along for the ride.

According to the J.D. Power 2023 North America Third-Party Hotel Management Guest Satisfaction Benchmark, hotel management companies have started making serious investments in renovations, maintenance, and staffing, and those investments are paying off

Red Sea Global, a company fully owned by Saudi Arabia’s Public Investment Fund, is exploring the possibility of a public market offering, with plans to launch as early as 2026.

Baird reported on something we touched on recently: insider buying at lodging companies.

The earnings parade continues with REITs dominating the past 24 hours. PebbleBrook Hotel Trust reported 4Q results that matched their pre-announcement but gave 1Q guidance that was softer than expected.

Truist said with earnings season about to kick into gear for the lodging sector, they continue to see macro over micro.

In a turbulent financial market, players such as Blackstone are worth tracking because they usually have more wherewithal to invest in hotels than others do.