09.10.2008 - Hotel REITs drop
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