| 07.10.2008 - Shares of hotel REITs drop amid global sell-off |
| 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 |