REITs that own hotels and resorts and earn from guest stays, so their income rises and falls with travel and tourism.
Contains
News movingHotel & Resort REITs
Hotel & Resort REITs▲
Summit Hotel Swings to Profit on Rate Strength
Summit Hotel Properties reported second-quarter 2026 results that flipped last year's loss into a $3.9 million profit, or $0.04 per diluted share, versus a $1.6 million loss a year earlier. Operating income jumped 27.3% to $28.9 million, powered by average daily rates that climbed 7.1% to $178.42. Pro forma RevPAR rose 5.0% to $136.06, with occupancy slipping to 76.3%, yet pro forma hotel EBITDA grew 7.8% to $72.5 million and adjusted FFO rose 6.7% to $34.9 million. The company also closed a $650 million senior credit facility extending maturities to 2031, sold two Dallas-area hotels for $19 million, and raised its full-year 2026 guidance for Adjusted EBITDAre to $175 million to $182 million and Adjusted FFO per share to $0.79 to $0.85. Despite the quarterly profit, year-to-date net loss stands at $6.6 million, and variable-rate debt of $525.0 million remains a concern.
Ryman Completes $1.38B Grande Lakes Orlando Acquisition
Ryman Hospitality Properties has completed its approximately $1.38 billion acquisition of Grande Lakes Orlando, a group and leisure resort complex spanning more than 400 acres and including the 1,010-room JW Marriott Orlando, the 582-room Ritz-Carlton Orlando, and about 320,000 square feet of meeting space. The purchase was funded with net proceeds from an offering of 5.865 million common shares, a $700 million private placement of 6.250% senior notes due 2035, and cash on hand. Ryman expects the property to contribute $30 million to $35 million of company-defined Adjusted EBITDAre in the final four months of 2026, but the property generated $110.0 million of trailing 12-month Adjusted EBITDAre through June 2026, implying a 12.5 times purchase multiple. The new senior notes carry about $43.8 million in annual coupon interest, and the equity offering adds 5.865 million shares, while consolidated net income guidance fell by roughly $3.3 million due to financing costs and depreciation. The acquisition adds 1,592 rooms, about 13% of the pre-acquisition portfolio, and follows approximately $150 million in recent capital investment at the property.
Al Shams to Nominate Majority Slate for Braemar Board
Al Shams Investments Limited, the largest shareholder of Braemar Hotels & Resorts Inc., has announced its intention to nominate a full slate of independent directors sufficient to change control of the board, following what it calls an extraordinarily short nomination window set by the company. In a letter to shareholders, Al Shams criticized Braemar's announcement of the September 14 deadline just before a holiday weekend as a governance maneuver designed to keep shareholders off guard. The Bermuda-based investment firm, which holds 6,513,000 shares of Braemar common stock, plans to present five nominees who, if elected, will work to safeguard shareholder interests. Al Shams and Wafic Rida Said are the participants in the proxy solicitation, and they will file a definitive proxy statement with the SEC.
Host Hotels & Resorts shares have fallen about 6% since its second-quarter earnings report, underperforming the S&P 500. The company reported adjusted funds from operations per share of 63 cents, beating the Zacks Consensus Estimate of 62 cents, with total revenues rising 3.4% year over year to $1.64 billion. Comparable hotel RevPAR increased 7% to $251.53, driven by higher room rates and strong leisure and group demand, including FIFA World Cup matches. Host Hotels raised its full-year 2026 guidance for comparable hotel RevPAR growth to 4.75-5.25% and adjusted EBITDAre to $1.82-$1.84 billion. The company also paid a 92-cent dividend in July, comprising a regular dividend of 20 cents and a special dividend of 72 cents.
Ryman Hospitality Closes $700 Million Senior Notes Offering
Ryman Hospitality Properties, Inc. announced that its subsidiaries, RHP Hotel Properties, LP and RHP Finance Corporation, have closed a private placement of $700 million aggregate principal amount of 6.250% senior notes due 2035. The notes are senior unsecured obligations guaranteed by the company and its subsidiaries. Net proceeds of approximately $689 million will fund a portion of the $1.38 billion purchase price for the pending acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes. The remainder will be covered by proceeds from a common stock offering of 5,865,000 shares at $117.00 per share, which closed on August 12, 2026, and cash on hand. If the acquisition is not completed, the notes will be redeemed at 100% of the issue price plus accrued interest.
Host Hotels Raises 2026 RevPAR Growth Outlook to 4.75%-5.25%
Host Hotels & Resorts raised its full-year 2026 RevPAR growth guidance by 125 basis points at the midpoint to a range of 4.75% to 5.25% after second-quarter comparable hotel RevPAR climbed 7% to $251.53. CEO James Risoleo attributed the strength to luxury resort demand and high-profile events, with transient revenue up 6.9% to $559 million and group room revenue up 7.4% to $332 million on 1.1 million room nights sold. The World Cup added roughly 160 basis points to quarterly RevPAR growth, and Maui RevPAR rose 14% as occupancy gained more than 8 percentage points. CFO Sourav Ghosh cautioned that margin comparisons will moderate in the second half as rate growth slows and tailwinds fade, while a Kona low rainstorm is expected to cause $27 million to $32 million in property damage and the Four Seasons condo development at Walt Disney World saw its 2026 EBITDA guidance trimmed to $16 million to $20 million from $20 million to $25 million. The company also paid a $0.72 per share special dividend in July on top of its regular $0.20 payout, funded in part by a $500 million gain from selling its Four Seasons resorts, with leverage at 2.2 times.
Ryman Hospitality Reports Record Q2 Revenue, Raises Full-Year Guidance
Ryman Hospitality Properties reported record second-quarter revenue of $749.0 million, up 13.6% year over year, and raised its full-year 2026 adjusted EBITDAre guidance to a range of $878 million to $910 million. Net income rose to $102.1 million, or $1.42 per diluted share, from $75.9 million a year earlier, while adjusted EBITDAre increased 21.9% to $258.3 million. Same-store hospitality revenue grew 6.5% to $544.3 million, driven by higher average daily rates, and entertainment segment revenue reached an all-time quarterly record of $144.0 million. The company also raised its same-store hospitality adjusted EBITDAre guidance by $10 million at the midpoint to $735.0 million and increased capital expenditure guidance to $400 million to $500 million for 2026, reflecting acceleration of projects previously planned for 2027. Management noted that group rooms revenue pace for all future periods was up 8.8% as of the end of July, and the board continues to evaluate potential new investors or partners in Opry Entertainment Group.
Summit Hotel Properties Raises Full-Year Guidance After Strong Q2
Summit Hotel Properties raised its full-year 2026 guidance after reporting second-quarter pro forma RevPAR growth of 5%, driven by a 7.1% increase in average daily rate. Adjusted EBITDAre rose 7.7% to $54.8 million, and adjusted FFO per share increased 6.7% to $0.29. The company now expects full-year RevPAR growth of 1.75% to 3.25%, adjusted EBITDAre of $175 million to $182 million, and adjusted FFO per share of $0.79 to $0.85. It also refinanced its corporate credit facility with a new $650 million senior unsecured facility extending to June 2031 and sold two Dallas Arlington hotels for $19 million.
Host Hotels Raises Full-Year Guidance After Strong Q2
Host Hotels & Resorts, Inc. reported growth in the second quarter of 2026, driven by room rate expansion and high-end consumer demand for luxury resorts and major events. Total revenues reached $1.64 billion, a 3.4% increase over the prior year, while comparable hotel RevPAR rose 7% to $251.53. Adjusted EBITDAre grew 5.8% to $525 million, and adjusted FFO per share increased 8.6% to $0.63. The company raised its full-year RevPAR growth guidance to 4.75% to 5.25%, a 125 basis point increase at the midpoint, and lifted its adjusted EBITDAre midpoint to $1.83 billion. Management also noted that the World Cup contributed 160 basis points of RevPAR growth in the quarter, with World Cup markets seeing 15% RevPAR growth in June.
Ryman Hospitality Closes $658 Million Stock Offering for Orlando Resort Acquisition
Ryman Hospitality Properties has closed its underwritten public offering of 5,865,000 common shares at $117.00 per share, generating approximately $658 million in net proceeds. The offering included 765,000 shares sold after underwriters fully exercised their over-allotment option. The company will contribute the net proceeds to its operating partnership to fund part of the roughly $1.38 billion purchase price for the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes. The remaining balance will be covered by cash on hand and about $689 million in net proceeds from a private placement of $700 million in 6.250% senior notes due 2035, expected to close on August 25, 2026. If the acquisition does not close, the offering proceeds will be used for general corporate purposes and the notes will be redeemed at 100% of their issue price plus accrued interest.
Ryman Hospitality shares fall after launching 5.1 million-share offering
Ryman Hospitality Properties shares fell 3.3% in pre-market trading after the company launched an underwritten public offering of 5.1 million common shares to help finance its planned acquisition of two major Orlando resort properties. The company intends to use the net proceeds from the equity raise to fund part of the approximately $1.38 billion purchase price for the previously announced acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes. The underwriters will also receive a 30-day option to purchase up to an additional 765,000 shares. Ryman expects to finance the remaining amount through a combination of cash on hand and additional debt, including potential borrowings under its revolving credit facility, unsecured debt financing, or the assumption of an existing secured loan. Completion of the equity offering is not conditional on the Grande Lakes transaction going ahead and is expected to occur before the acquisition itself closes; if the acquisition fails to proceed, the net proceeds would be allocated to general corporate purposes. BofA Securities, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities are joint book-running managers, with Deutsche Bank Securities, BTIG, Credit Agricole CIB, Scotiabank, SMBC Nikko, and Raymond James also participating as bookrunners.
Ryman Hospitality Properties launches 5.1 million share offering to fund Grande Lakes acquisition
Ryman Hospitality Properties has commenced an underwritten public offering of 5,100,000 shares of common stock, with an option for underwriters to purchase up to 765,000 additional shares. The company expects to contribute the net proceeds to its operating partnership, which will use them to fund a portion of the approximately $1.38 billion purchase price for the pending acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes, and to pay related fees and expenses. The balance of the purchase price will be funded with a combination of cash on hand and debt. The offering is not contingent on the acquisition closing, and if the acquisition is not completed, the proceeds will be used for general corporate purposes. BofA Securities, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities are acting as joint book-running managers.
Ryman Hospitality Properties to buy Grande Lakes Orlando Resort for $1.38 billion
Ryman Hospitality Properties agreed to acquire the Grande Lakes Orlando Resort in Florida for $1.38 billion from Trinity Investments. The 409-acre property includes a 1,010-room JW Marriott, a 582-room Ritz-Carlton, and an 18-hole golf course, with Marriott International continuing to operate the hotels under their existing brands. The purchase price represents 12.5 times trailing adjusted EBITDAre, and Ryman expects the acquisition to increase adjusted FFO per share in 2027. The company expects to close the transaction in the third quarter of 2026, subject to customary closing conditions.
Park Hotels raises 2026 adjusted EBITDA guidance to $617M-$637M
Park Hotels & Resorts raised its full-year 2026 adjusted EBITDA guidance to a range of $617 million to $637 million, up from the prior $587 million to $617 million, while also lifting its RevPAR growth outlook to 3% to 4.5%. The company reported second-quarter hotel adjusted EBITDA of $204 million, a nearly 9% increase, and adjusted FFO per share of $0.70. Total portfolio RevPAR rose nearly 6% to $217, and management highlighted the July 22 reopening of the Royal Palm South Beach after a more than $100 million redevelopment, which it believes could double the hotel's EBITDA upon stabilization over the next two years. Park also noted it has sold or disposed of 10 of the 19 identified non-core hotels since early 2025, generating nearly $200 million in proceeds, and plans to fully repay the $1.27 billion Hilton Hawaiian Village mortgage in September.
Ryman Hospitality Reports Record Quarterly Revenue of $749 Million, Raises Full-Year Outlook
Ryman Hospitality Properties reported all-time quarterly record consolidated revenue of $749.0 million for the second quarter of 2026, driven by record second quarter same-store Hospitality segment revenue of $544.3 million and all-time quarterly record Entertainment segment revenue of $144.0 million. The company generated consolidated net income of $102.1 million and consolidated Adjusted EBITDAre of $258.3 million. Same-store Hospitality RevPAR reached an all-time quarterly record of approximately $202, up 5.2% from the prior year quarter, while the estimated average daily rate for future bookings hit an all-time quarterly record of approximately $310, an 8.6% increase. The company is raising its full year outlook due to strong second quarter performance and a modest increase in expectations for the second half of 2026. President and CEO Mark Fioravanti attributed the results to the premium group customer strategy and strong Entertainment execution, noting that higher ADR and ancillary spending drove outperformance.
Host Hotels & Resorts reported second-quarter 2026 comparable hotel RevPAR growth of 7.0% and comparable hotel Total RevPAR growth of 5.9%, driven by strong leisure transient demand, group business, and a boost from the FIFA World Cup. The company raised its full-year 2026 comparable hotel Total RevPAR and RevPAR growth guidance ranges to 4.75% to 5.25%. GAAP net income was $241 million, a 7.1% increase from the prior year, while Adjusted EBITDAre rose 5.8% to $525 million. The company also declared a second-quarter dividend of $0.92 per share, including a $0.72 special dividend tied to gains from Four Seasons sales.
Host Hotels Set to Report Q2 Results With Expected Revenue and AFFO Growth
Host Hotels & Resorts is scheduled to release second-quarter 2026 earnings on August 5 after market close, with analysts projecting higher revenues and adjusted funds from operations per share. The Zacks Consensus Estimate for quarterly revenues stands at $1.62 billion, implying a 2.2% increase from the prior-year period, while the consensus for AFFO per share has risen to 62 cents over the past month, indicating a 6.90% year-over-year gain. The lodging REIT is expected to benefit from continued recovery in group demand and stable transient and leisure travel, supporting RevPAR growth, with the consensus RevPAR estimate at $244.77 compared to $239.64 a year ago. However, the average occupancy rate is forecast to decline to 72.09% from 73.80%, and elevated interest expenses are anticipated to weigh on bottom-line growth. Host Hotels carries a Zacks Rank of 2 and an Earnings ESP of +1.48%, suggesting a likely AFFO beat based on the quantitative model.
Host Hotels & Resorts has raised its full-year guidance for comparable hotel RevPAR and EBITDAre, tying expectations more closely to travel demand and the company's exposure to the 2026 FIFA World Cup. The stock has returned 7.62% over the past 30 days and 75.13% over the past year. Analysts have a consensus price target of $24.50, slightly below the last close of $25.13, implying the stock is about 3% overvalued, though the most bullish target is $28.00 and the most bearish is $21.00. The company trades at a P/E of 17x, compared with a peer average of 42.5x and a fair ratio of 28.1x, suggesting a different valuation story. Rising capital and labor costs, as well as exposure to extreme weather events, remain key risks.
DiamondRock Hospitality Draws Attention After Earnings Outlook Raise and Dividend Hike
DiamondRock Hospitality is back on investor radar after reporting higher second quarter 2026 revenue, a sharp jump in net income, and a 22% increase in its quarterly dividend. The stock last closed at $13.24, with a 30-day share price return of 9.60% and a year-to-date return of 45.18%. The most followed narrative sets fair value at $12.46 using an 8.23% discount rate, implying the stock is 6.2% overvalued, though its current price-to-earnings ratio of 18.2 times sits well below the peer average of 42.2 times. Analysts note that persistent pressure in resort revenue per available room and muted group room revenue growth could challenge the earnings outlook.
Diamondrock Hospitality Reports 7% RevPAR Growth and Raises 2026 Guidance
Diamondrock Hospitality Co reported strong second-quarter 2026 results with RevPAR growth of 7%, driven by broad-based strength across all customer segments. The company achieved significant operating leverage as hotel operating expenses rose just 1.8% against 5.5% revenue growth, leading to 240 basis points of margin expansion. Management raised its full-year 2026 guidance for RevPAR growth, adjusted EBITDA, and adjusted FFO per share, and increased the quarterly common dividend by 22% to $0.11 per share. The company sees an improving transaction market with a more active acquisition and disposition pipeline, though bid gaps have widened to 10-15% on some properties, making accretive deals challenging. Diamondrock maintains a conservative balance sheet with no debt maturities until 2029 and approximately $500 million of incremental investment capacity within its target leverage range.
Xenia raises 2026 adjusted EBITDAre midpoint to $273 million
Xenia Hotels & Resorts raised the midpoint of its full-year 2026 adjusted EBITDAre guidance by $7 million to $273 million. The company also increased its RevPAR growth midpoint by 150 basis points to 5.5%, while total RevPAR growth guidance was raised by 75 basis points to 5.75% at the midpoint. Adjusted FFO per diluted share is now expected at $2.02 at the midpoint, an increase of $0.08. The guidance increases follow second-quarter same-property RevPAR of $206.54, up 5.6% from a year ago, driven entirely by rate. Xenia completed the sale of the 85-room Kimpton RiverPlace Hotel in Portland for $11 million, and reported quarter-end total liquidity of $612 million, including $112 million in cash and a fully undrawn $500 million revolving credit line.
Brancous LP1, a shareholder of Braemar Hotels & Resorts, has called on the company's board to cease what it describes as attacks on shareholders and instead renegotiate the Ashford termination payment, distribute excess cash, and let shareholders elect an independent board. The investor argues the board is pursuing a 'stealth liquidation' by selling over 30% of gross asset value to trigger a change-of-control payment to Ashford, bypassing a shareholder vote. Brancous estimates the payment at roughly $7.00 per share, nearly three times the current stock price, and says the board should have first negotiated a lower fee. It demands a special dividend of at least $1.00 per share from the approximately $100 million in cash on hand and insists that directors with prior relationships to Ashford's chairman should not decide the payment.
Host Hotels & Resorts Receives Price Target Hikes from Argus and Ladenburg
Host Hotels & Resorts received price target increases from two analysts, with Argus raising its target to $27 from $20 and Ladenburg lifting its to $28 from $25, both maintaining Buy ratings. Argus analyst Marie Ferguson cited the World Cup as a potential catalyst, forecasting a boost of up to 60 basis points in revenue per available room. The REIT reported first-quarter 2026 adjusted funds from operations of $0.67 per share, up 4.7% from $0.64 a year earlier, while earnings per share of $0.72 and revenue of $1.65 billion both exceeded consensus estimates. Ladenburg noted that RevPAR gains have surpassed expectations, though its outlook remains modest.
Summit Hotel Properties and Vornado Realty Trust earn Zacks Rank #2 and Value grade A
Summit Hotel Properties and Vornado Realty Trust both hold a Zacks Rank #2 (Buy) and a Value grade of A, signaling potential undervaluation. Summit Hotel Properties trades with a P/E ratio of 7.65, well below its industry average of 16.78, and a PEG ratio of 1.26 compared to the industry's 1.61. Vornado Realty Trust has a forward P/E of 17.38 and a PEG of 5.01, with its P/B ratio of 1.58 also below the industry's 1.97. These metrics suggest both REITs may be attractive value opportunities.
Sunstone Hotels President Sells 89,631 Shares for $1.04 Million
Sunstone Hotel Investors President and Chief Investment Officer Robert C. Springer sold 89,631 common shares in an open-market transaction on June 24, 2026, according to an SEC filing. The sale, valued at $1.04 million based on a reported price of $11.62 per share, reduced his direct holdings by 13.5% to 573,743 shares, worth approximately $6.7 million at the June 24 close. This marks Springer's first open-market sale since at least January 2024, with prior filings limited to administrative events, and comes as the stock recently reached a 4.5-year high. Sunstone Hotel Investors is a hospitality REIT with a portfolio of 19 upscale hotels totaling 9,997 rooms under brands such as Marriott, Hilton, and Hyatt, reporting trailing twelve-month revenue of $985.77 million and net income of $37.87 million.
Blackstone Funds to Buy Hyatt Regency San Francisco for $279M
Sunstone Hotel announced a definitive agreement to sell the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for a gross sale price of $279 million, or about $340,000 per key. The price represents a 21.4 times multiple on Hotel Adjusted EBITDA and a 3.5% cap rate on Hotel Net Operating Income for the trailing twelve-month period ended May 31. Sunstone expects the transaction to close in late July or early August and plans to provide more details in its quarterly earnings release in early August.
Ryman Hospitality Properties Jumps 4.5% on Strategic Review of Opry Entertainment
Ryman Hospitality Properties shares surged 4.5% to close at $129.77 in the last trading session, driven by the company's announcement that it has engaged Morgan Stanley to explore strategic options for its Opry Entertainment Group business, including a potential partial divestiture or strategic partnerships. The move was backed by solid volume, and the stock has gained 8.5% over the past four weeks. The company is expected to report quarterly funds from operations of $2.29 per share, a year-over-year decline of 2.6%, on revenues of $729.95 million, up 10.7%. The consensus FFO estimate for the quarter has been revised 1% higher over the last 30 days. Ryman Hospitality Properties currently carries a Zacks Rank #3, or Hold.
Ryman Hospitality Engages Morgan Stanley to Evaluate Opry Entertainment Group Partnerships
Ryman Hospitality Properties has engaged Morgan Stanley to assist in evaluating potential strategic partnerships for its Opry Entertainment Group business. Executive Chairman Colin Reed stated that enabling OEG to operate outside the company's REIT structure is important for its long-term growth, and that the company has received inbound interest from a range of organizations amid rising global popularity of country music and live experiences. Ryman Hospitality has not entered into any agreements, and there are no assurances that any transaction will occur. The company expects to remain integral to OEG's growth regardless of any partnership outcome.
Sunstone to Sell Hyatt Regency San Francisco to Blackstone Fund for $279 Million
Sunstone Hotel Investors has agreed to sell the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for $279 million, or roughly $340,000 per key. The price represents a 21.4-times multiple of Hotel Adjusted EBITDAre and a 3.5% capitalization rate on trailing 12-month net operating income through May 31, 2026. Sunstone has already deployed about $70 million of the proceeds into share repurchases, buying 4.4 million common shares at an average $9.24 and 1.4 million preferred shares at an average $20.37. The company expects the deal to close in late July or early August 2026 and is evaluating further uses for the remaining proceeds to maximize risk-adjusted returns.
Sunstone to sell Hyatt Regency San Francisco for $279 million
Sunstone Hotel Investors has agreed to sell the Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for $279 million, or about $340,000 per key. The 821-room hotel sale is expected to close in late July or early August. Sunstone plans to use $70 million of the proceeds to repurchase company stock, with CEO Bryan Giglia stating the deal aligns with the REIT's strategy to capitalize on higher private market values and recycle proceeds into more accretive options. The transaction comes as hotel players eye more deals in the San Francisco market, partly driven by the area's artificial intelligence boom.
Sunstone seals $279m deal to sell Hyatt Regency San Francisco
Sunstone Hotel Investors has signed a definitive agreement to sell the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for $279 million, or $340,000 per room. The price represents 21.4 times hotel adjusted EBITDAre and a 3.5% cap rate on net operating income for the trailing 12 months ended May 31, 2026. Sunstone has already allocated roughly $70 million of the proceeds to repurchase 4.4 million common shares at an average of $9.24 each and 1.4 million combined shares of Series H and Series I preferred stock at an average of $20.37 per share. The transaction is expected to close in late July or early August, and the company is evaluating options for the remaining proceeds to maximize risk-adjusted returns for shareholders.
Sunstone Hotel Investors to sell Hyatt Regency San Francisco to Blackstone for $279 million
Sunstone Hotel Investors has agreed to sell the Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for $279 million. The 821-room hotel is being sold at a valuation of about $340,000 per room, representing a 21.4-times multiple on the property's adjusted EBITDAre and a 3.5% capitalization rate based on net operating income for the 12 months ended May 31, 2026. Sunstone used nearly $70 million of the expected proceeds to buy back common and preferred shares during 2026 and is evaluating additional opportunities to deploy the remaining proceeds. The transaction is expected to close in late July or early August. CEO Bryan A. Giglia said the sale aligns with the company's strategy of actively managing the portfolio to capitalize on higher private market values and recycle proceeds into more accretive options.
Sunstone Hotel Investors to sell Hyatt Regency San Francisco for $279 million
Sunstone Hotel Investors has entered into a definitive agreement to sell the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for a gross sale price of $279 million, or approximately $340,000 per key. The sale price represents a 21.4x multiple on Hotel Adjusted EBITDAre and a 3.5% cap rate on Hotel Net Operating Income for the trailing twelve-month period ending May 31, 2026. In anticipation of the sale, the company deployed nearly $70 million of the proceeds into discounted repurchases of its common and preferred stock during 2026, including 4.4 million common shares at an average price of $9.24 per share and 1.4 million combined Series H and Series I preferred shares at an average price of $20.37 per share. The transaction is expected to close in late July or early August, and the company is evaluating additional opportunities to deploy the remaining proceeds for the best risk-adjusted return.
Host Hotels Stock Surges 59% Over Past Year, Outpacing Real Estate Sector
Host Hotels & Resorts shares have surged 59% over the past year, dramatically outperforming the broader real estate sector. The stock is trading just 1.4% below its 52-week high of $25.36, with a 31.2% gain over the past three months compared to a 4.4% rise in the State Street Real Estate Select Sector SPDR ETF. Year-to-date, Host Hotels has returned 41.1% versus the ETF's 8.7%, and first-quarter revenue rose 3.2% to $1.65 billion while adjusted funds from operations per share reached $0.67, beating estimates. Analysts maintain a consensus Moderate Buy rating with a Street-high target of $28, implying further upside.
Ryman Hospitality Properties Fair Value Estimate Raised to $134.15
Simply Wall St has increased its fair value estimate for Ryman Hospitality Properties to $134.15 per share from $129.54, driven by adjustments in revenue growth, net profit margin, future P/E multiple, and discount rate assumptions. The revenue growth assumption was lowered from 5.32% to 4.33%, while the net profit margin assumption rose from 11.73% to 12.07%. The future P/E multiple increased from 28.37x to 29.93x, and the discount rate moved from 8.57% to 8.76%. Several Wall Street firms, including Wells Fargo, JPMorgan, Barclays, BMO Capital, Raymond James, Truist, and Cantor Fitzgerald, have raised price targets on the lodging REIT, with Wells Fargo setting a target of $136. However, Barclays cautioned that the sector's recent share performance may have moved too far, too fast relative to earnings, and Cantor Fitzgerald flagged macro and geopolitical risks that could limit valuation multiples.
Ryman Hospitality Evaluates OEG Partnership Opportunities After Receiving Inbound Interest
Ryman Hospitality Properties is evaluating partnership opportunities for its Opry Entertainment Group business after receiving inbound interest from organizations. Executive chairman Colin Reed cited the global popularity of country music and demand for live experiences, and the company has engaged Morgan Stanley to help assess potential opportunities. Reed added that Ryman expects to play an integral role in OEG's continued growth regardless of any strategic partnerships being considered. Separately, BMO Capital raised its price target on Ryman Hospitality to $137 from $125 with an Outperform rating, while Raymond James raised its target to $125 from $120, also with an Outperform rating.
Zacks Recommends Five Low-Leverage Stocks Amid Tech Sell-Off
Zacks Investment Research recommends five low-leverage stocks—Ternium, CBOE Global Markets, Tutor Perini, Sunstone Hotel Investors, and Casey's General Stores—as a hedge against market volatility and a tech sell-off. The picks were screened for a debt-to-equity ratio below their industry median, a share price of at least $10, average 20-day volume of 50,000 or more, earnings growth above the industry median, a VGM Score of A or B, estimated one-year EPS growth above 5%, and a Zacks Rank of 1 or 2. Ternium reported a 220.6% jump in first-quarter 2026 earnings per ADS to $1.09 and carries a long-term earnings growth rate of 52.80%. CBOE Global Markets launched its new prediction markets suite, Cboe Predicts, and has a long-term earnings growth rate of 16.80%. Tutor Perini's subsidiary won a $114 million contract for the Jones Hall Project at the University of Mississippi, with 2026 earnings expected to rise 20.8%. Sunstone Hotel Investors agreed to sell the Hyatt Regency San Francisco for $279 million and has a long-term earnings growth rate of 4.90%. Casey's General Stores unveiled a three-year plan to add at least 400 stores, with fiscal 2027 revenue projected to grow 16.2% and a long-term earnings growth rate of 15.80%.
Zacks Highlights Host Hotels, Realty Income, and Simon Property as REITs Poised for Earnings Upside
Zacks Equity Research has identified Host Hotels & Resorts, Realty Income, and Simon Property Group as three real estate investment trusts with the potential to deliver positive earnings surprises this season. Host Hotels carries a Zacks Rank #2 and an Earnings ESP of +1.48%, with consensus estimates pointing to quarterly revenues of $1.62 billion and adjusted funds from operations per share of 62 cents. Realty Income also holds a Zacks Rank #2 and an Earnings ESP of +0.92%, with consensus revenues of $1.54 billion and AFFO per share of $1.09. Simon Property Group has a Zacks Rank #3 and an Earnings ESP of +0.39%, with consensus revenues of $1.71 billion and funds from operations per share of $3.18. All three companies are scheduled to report second-quarter results in early August, and Zacks notes that the combination of a favorable rank and a positive Earnings ESP has historically indicated a roughly 70% chance of an earnings beat.
Summit Hotel Properties Shows Potential Dividend Run Ahead of February Ex-Date
Summit Hotel Properties Inc (NYSE: INN) is flagged for a potential dividend run ahead of its upcoming 0.08 per share quarterly dividend, which goes ex-dividend on February 13, 2026. Analysis from DividendChannel.com shows that in the final two-week run-up to the last four dividends, the stock posted a cumulative capital gain of 0.72, exceeding the total dividend amount of 0.32 over that period. The strategy of buying about ten trading days before the ex-date and selling one day prior would have captured a gain larger than the dividend in three of those four instances. With an implied annualized yield of 7.17%, INN is highlighted as a stock for dividend-run investors to monitor.
Host Hotels & Resorts to pay $0.20 quarterly dividend, ex-date June 30
Host Hotels & Resorts Inc will trade ex-dividend on June 30, 2026, for its quarterly dividend of $0.20 per share, payable on July 15, 2026. The dividend represents approximately 0.80% of the recent stock price of $25.05, implying an annualized yield of about 3.19%. The stock has a 52-week range of $15.115 to $25.41 and last traded at $25.12. HST shares were flat in Monday trading.