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| Hotel/Motel REIT's Master List |
As you might guess Hotel/Motel REIT's come in all sizes and shapes. Also it should be obvious that the general state of the economy and the desire of the public to travel, whether on business or pleasure drives the earnings of these companies. Hotel/Motel REITS are somewhat different then many other types of REITS. Where many REITS simply own real estate and do not operate the businesses in the buildings Hotel/Motel REITS many times operate the businesses---although law restricts their ability to operate businesses directly. Because of REIT law they operate properties through wholly owned divisions that are taxable divisions. A large investment consideration should be whether the company has kept up with maintenance on their facilities and similar items. Has the company kept up with current trends in lodging? Alway do your due diligence and as with all investments diversification is key so do not put all of your investment dollars in 1 investment--or in 1 type of REIT. It should be noted that a number of these REIT's have Preferred Shares paying solid 7 to 8% yields---of course you generally give up capital gains opportunities |
| Updated 8/9/2008 |
| DiamondRock Hospitality Latest Info for Period End 12/31/2007 DiamondRock Hospitality Company, a lodging focused real estate company, owns and operates premium hotels and resorts. Its properties are concentrated in five gateway cities, including New York City, Los Angeles, Chicago, Boston, and Atlanta; and in destination resort locations comprising the U.S. Virgin Islands, as well as Vail, Colorado. As of March 10, 2008, the company owned and operated 20 premium hotels and resorts. DiamondRock Hospitality Company qualifies as a real estate investment trust (REIT) under the provisions of the Internal Revenue Code. As a REIT, it would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2004 and is based in Bethesda, Maryland. Yield As of 5/9/2008 7.2% |
| Eagle Hospitality Latest 10Q for Quarter End 06/30/2007 Bought Out |
| Equity Inns Latest 10Q for Quarter End 06/30/2007 Bought Out |
| Felcor Lodging Trust Latest Info for Period End 09/30/2007 FelCor Lodging Trust Incorporated operates as a lodging real estate investment trust (REIT) primarily in the United States. It owns various hotels, including Embassy Suites Hotels, Doubletree, Hilton, Sheraton/Westin, Holiday Inn, and Crown Plaza hotels in North America. As of March 16, 2006, the company's hotel portfolio comprised of 117 consolidated hotels located in 28 states and Canada. FelCor Lodging Trust has elected to be taxed as a REIT under the federal income tax laws. As a REIT, it would not be taxed on the portion of its income, which is distributed to shareholders provided it distributes at least 90% of its taxable income. The company has strategic alliances with Hilton Hotels Corporation; InterContinental Hotels Group PLC; and Starwood Hotels & Resorts Worldwide, Inc. FelCor Lodging Trust was founded in 1994. It was formerly known as FelCor Suite Hotels, Inc. and changed its name to FelCor Lodging Trust Incorporated in 1998. The company is based in Irving, Texas. Yield as of 5/9/2008 10.6% |
| Hersha Hospitality Latest Info for Period End 12/31/2007 Hersha Hospitality Trust, a real estate investment trust, engages in the ownership and operation of mid scale limited service hotels in the Eastern United States. As of June 30, 2005, it owned interests in 35 hotels, including 4 hotels owned through joint ventures in Pennsylvania, New York, New Jersey, Maryland, Georgia, Connecticut, and Massachusetts. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, Hersha would not be subject to income tax to the extent it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1998 and is headquartered in New Cumberland, Pennsylvania. Yield as of 5/9/2008 7.3% |
| Highland Hospitality Latest 10Q for Quarter End 06/30/2007 Bought Out |
| Hospitality Properties Trust Latest 10Q for Quarter End 09/30/2007 Hospitality Properties Trust, a real estate investment trust (REIT), engages in buying, owning, and leasing hotels. The company's hotels are operated as Courtyard by Marriott, Residence Inn by Marriott, Staybridge Suites by Holiday Inn, Candlewood Suites, AmeriSuites, Prime Hotels and Resorts, Homestead Studio Suites, TownePlace Suites by Marriott, and SpringHill Suites by Marriott or Marriott Hotels and Resorts. As of June 30, 2005, it owned 298 hotels located in 38 states in the United States; Puerto Rico; and Ontario, Canada. The company's hotels are primarily designed for business, governmental, and family travelers. As a REIT, the company would not be subject to federal income tax provided it distributes at least 90% of its REIT taxable income to its stockholders. Hospitality Properties was formed in 1995 and is based in Newton, Massachusetts. Yield as of 5/9/2008 9.9% |
| Host Hotels and Resorts Latest Financials for Period End 12/31/2007 Host Marriott Corporation operates as a real estate investment trust (REIT) that primarily engages in the ownership and operation of hotel properties in North America. It operates its hotels under various brand names, including Marriott, Ritz-Carlton, Hyatt, Four Seasons, Fairmont, Hilton, and Westin. As of February 28, 2005, the company's lodging portfolio consisted of 107 upper-upscale and luxury full-service hotels consisting of approximately 55,000 rooms. Its hotels are located in 26 states and Washington, D.C., in the United States; Toronto and Calgary, Canada; and Mexico City, Mexico. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax provided it distributes at least 90% of its taxable income to its shareholders. Host Marriott was founded in 1927 and is headquartered in Bethesda, Maryland. Yield as of 5/9/2008 4.5% |
| Innkeepers USA Latest 10Q for Quarter End 06/30/2007 Bought Out |
| LaSalle Hotel Properties Latest Info for Period End 12/31/2007 LaSalle Hotel Properties, a real estate investment trust (REIT), engages in the purchase, ownership, and lease of upscale and luxury hotels located in convention, resort, and urban business markets in the United States. As of February 21, 2008, it owned interests in 31 hotels consisting of approximately 8,500 guest rooms in 11 states and the District of Columbia. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, LaSalle would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1998 and is based in Bethesda, Maryland. Yield as of 5/9/2008 6.4% |
| Innsuites Hospitality Latest 10Q for Quarter End 06/30/2007 InnSuites Hospitality Trust engages in the ownership and operation of hotel properties. It also provides management and trademark license services for hotels. As of May 14, 2007, the company owned 5 hotels containing 843 hotel suites, as well as managed and/or licensed 11 hotels located in Arizona, New Mexico, Texas, and southern California under the name �InnSuites Hotels'. It also involves in various operations incidental to the operation of hotels, such as the operation of restaurants and meeting/banquet room rentals. The company was founded in 1971 and is headquartered in Phoenix, Arizona. Yield as of 5/9/2008 0.9% |
| SuperTel Hospitality Latest Financials for Period End 12/31/2007 Supertel Hospitality, Inc., a real estate investment trust (REIT), engages in the ownership and acquisition of limited-service hotels in the United States. The company's hotels operate under various franchise brand names, including Super 8, Comfort Inn/Comfort Suites, Hampton Inn, Holiday Inn Express, Best Western Suites, Days Inn, Ramada, Ltd., Shoney's Inn, and Sleep Inn. As of December 31, 2005, it owned 76 limited-service hotels in 17 states. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax provided that it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 1994. It was formerly known as Humphrey Hospitality Trust, Inc. and changed its name to Supertel Hospitality, Inc. in 2005. Supertel Hospitality is headquartered in Norfolk, Nebraska. Yield as of 5/12/2008 9.1% |
| Strategic Hotels and Resorts Latest Financials for Period End 12/31/2007 Strategic Hotel Capital, Inc., a self-administered and self-managed real estate investment trust (REIT), engages in the ownership and asset management of upper upscale and luxury hotels in North America and Europe. It owns the fee interest in 11 hotels, comprising approximately 4,961 rooms, located in Arizona, California, Florida, Illinois, and Louisiana, and in Mexico; owns leasehold interests in hotels in Illinois, France, and Germany comprising an aggregate of approximately 859 rooms; owns a 35% interest in a hotel in Prague, Czech Republic comprising approximately 372 rooms; owns an 85% interest in each of the InterContinental Hotel in Miami and the InterContinental Hotel in Chicago; and a 31% interest in and act as asset manager for a joint venture that is developing the Four Seasons Residence Club Punta Mita, a luxury vacation home product. The company also manages seven hotels. The company operates hotels under the brands of Embassy Suites, Four Seasons, Hilton, Hyatt, InterContinental, Loews, Marriott, and Ritz-Carlton. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to the federal income tax if it distributes 100% of its annual taxable income to its shareholders. Strategic Hotel was co-founded by Laurence Geller in 1997 and is headquartered in Chicago, Illinois. Yield as of 5/9/2008 6.3% |
| Sunstone Hotels Latest Financials for Period End 12/31/2007 Sunstone Hotel Investors, Inc. operates as a real estate investment trust. The firm engages in the acquisition, ownership, asset management, renovation, and sale of luxury, upper upscale, and upscale full-service hotels in the United States. Its portfolio also includes mid-scale hotels. Sunstone Hotel Investors was founded in 1995 and is based in San Clemente, California. Yield as of 5/12/2008 7.1% |
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