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Shares of hotel REITs drop amid global sell-off

Posted on 07 October 2008

From Forbes: Shares of hotel real estate investment trusts dropped further on Monday amid a global market sell-off, after a gloomy forecast by Marriott International Inc. last week heightened investors’ worries about the already-battered industry.

In a note to investors on Sunday, Citi Investment Research analyst Joshua Attie cut his fourth-quarter and 2009 estimates for six lodging REITS to reflect lower-than-expected U.S. revenue per available room….. Full Article: Source


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