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Hotel REITs drop

Posted on 09 October 2008

From Forbes: Shares of most hotel real estate investment trusts dropped Wednesday afternoon - some posting percentage declines in the double digits - as a pair of analysts issued downbeat outlooks for the sector.

In a note to investors early Wednesday, KeyBanc Capital Markets analyst Dennis Forst said that lodging REITs “need a tourniquet.” Hotel analysts have been significantly gloomier about the industry since Marriott International Inc. issued weak third-quarter results last week….. Full Article: Source


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