Tag: Lodging

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Lodging REIT LaSalle Hotel Properties Focused on Organic Growth

Michael Barnello, president and CEO of LaSalle Hotel Properties (NYSE: LHO), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Barnello reflected on the current state of the lodging sector. During the last couple of years, “supply has been increasing while demand has not been as strong,” he said. While Barnello expects the trend to continue into 2017, he stressed that this is a normal development in the sector.

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FelCor Lodging Looking to Create Value from Sales

Richard Smith, president and CEO of FelCor Lodging Trust, Inc. (NYSE: FCH), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

In September, FelCor sold the final hotel in its disposition program. Since that time, the company has said it would make opportunistic asset sales. Smith explained the strategy.

“It’s really to create capacity as we move through the cycle and open up the use of proceeds for things that will be higher yielding,” he said.

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Lodging REIT Seeing Benefits from Renovations

John Murray, president and COO of Hospitality Properties Trust (NYSE: HPT), joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Hospitality Properties Trust invests in hotels and travel centers in the United States, Puerto Rico and Canada. The company and three of its sister REITs recently announced they would acquire approximately half of their external manager, RMR LLC.

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Chatham Lodging CEO says REIT Benefitting From Solid Business Demand

Jeffrey Fisher, chairman, president and CEO of Chatham Lodging Trust (NYSE: CLDT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Chatham invests primarily in extended-stay select service and full service hotels in the 25 largest metropolitan markets in the United States.

Fisher discussed Chatham’s pricing power with regard to room rates.

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Investment Strategist Remains Optimistic About Lodging, Suburban Office Real Estate

Tim Pire, managing director with Heitman, joined REIT.com for a video interview at NAREIT’s 2015 Washington Leadership Forum.

Pire said he remains optimistic with regard to prospects in the lodging and suburban office markets. The lodging sector is benefitting from continuing improvement in the economy and limited supply, Pire said. Corporate earnings reports and forecasts for 2015 have also been positive, he noted. Suburban office, meanwhile, has benefitted from the expansion in employment, Pire said.

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Hersha CEO: Lodging Demand Fed by Millennials, Growing Global Middle Class, Urbanization

Jay Shah, CEO of Hersha Hospitality Trust (NYSE:HT), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Hersha owns select-service hotels operated under brands that include Marriott, Hilton, Intercontinental and Hyatt, as well as a small but growing number of independent hotels. Shah addressed the different demand drivers at play in the lodging sector.

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Strategic Hotels CEO: Low Lodging Supply to Boost RevPAR Growth

Raymond “Rip” Gellein, chairman and CEO of Strategic Hotels and Resorts, Inc. (NYSE: BEE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Strategic Hotels is an owner and asset manager of upper-upscale and luxury hotels and resorts. Gellein assessed the outlook for fundamentals in the sector heading into 2015.

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