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Apple Hospitality REIT, Apple REIT Ten to Merge

Apple Hospitality REIT, Apple REIT Ten to Merge

RICHMOND, Va.—Apple Hospitality REIT, Inc. and Apple REIT Ten, Inc. (“Apple Ten”), collectively the “Pro Forma Combined Company,” announced today that the boards of directors of both companies have approved a definitive merger agreement under which the companies will create ...

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Outlook Mixed for Lodging REITs

Investors see dark clouds of “global financial distress” weighing on the otherwise strong fundamentals fueling the growth of the lodging industry. While this sentiment has been driving down stock prices, there are plenty of earnings reports coming out this month ...

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Ashford on a Mission to Boost Shareholder Value

Ashford on a Mission to Boost Shareholder Value

Keeping investors happy isn’t easy. But Monty Bennett, CEO of Ashford, a publicly traded hospitality and real estate asset management firm, has come to learn what they want. “Investors love specificity,” Bennett says. “They love a focused place.” To get ...

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MGM Resorts to Create a REIT

MGM Resorts to Create a REIT

MGM Resorts International plans to create a real estate investment trust to help cut debt and boost shareholder value, according to Bloomberg Business. The Las Vegas casino operator’s shares rose 9 percent in premarket trading Thursday. MGM Resorts will contribute ...

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Hilton REIT Spinoff Seen More Likely

Hilton REIT Spinoff Seen More Likely

Shares of Hilton Worldwide Holdings fell more than 1 percent on Monday after the company announced that certain selling stockholders affiliated with the Blackstone Group have commenced a secondary offering of 90 million shares of Hilton common stock. The move ...

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8 Habits of Effective Hotel Investors

8 Habits of Effective Hotel Investors

As investment strategies go, food trucks and graffiti are about as outside the box as you can get, yet these are both part of Jon Bortz’s immediate plans. Innovative property upgrades are integral to his approach in generating outsized returns ...

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