Equity Research on Diamondrock Hospitality Co. and Sunstone Hotel Investors Inc. - Hotel REITs Helped by Better 2Q Rates
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/03/11 -- has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the REIT - Hotel/Motel industry and are offering free analytical research on (NYSE: DRH) and (NYSE: SHO). Register with us today at to have free access to these research reports.
Hospitality real estate investment trusts are benefitting from higher occupancy and daily room rates in the second quarter. The industry is welcoming the higher rates after a sustained period of aggressive acquisition. Get your free reports on and at . There is no commitment to join.
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Increased business travel and more business conferences were partially responsible for the uptick in occupancy. Diamondrock Hospitality Co. exemplifies some of these industry trends. Diamondrock Hospitality reported daily room rates improving 4.2% along with occupancy rates by 1.5%. These factors helped the trust grow quarterly revenues to $169.5 from $151.1 million in the same period a year ago. The company also completed three major acquisitions this year that should help it grow revenues in the long-term. report is accessible for free by registering today at .
Investors may also want to keep an eye on Sunstone Hotel Investors Inc. which operate similar hotels to Diamondrock Hospitality and will report 2Q results on August 8th. report is accessible for free by registering today at .
Moving forward, the second quarter was a positive for the hospitality REIT industry. Sustained improvements to room and occupancy rates along with acquisitions made earlier in the year could help several trusts grow revenues in the second half of the year.
The two stocks research reports are available for free by signing up now on .
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Datum: 03.08.2011 - 12:51 Uhr
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