Seaview Investors defaulted on $45 million tied to a Residence Inn by LAX after 2024 net cash flow came in 38% below underwriting. The owner's decision to walk away tells you more about the LA market than any occupancy report will.
Hotel owners in 11 FIFA World Cup host cities were told to expect a once-in-a-generation demand surge. The AHLA's new survey says 80% of them are watching bookings come in below forecast, and the international visitors everyone was counting on aren't coming.
Los Angeles is considering an Airbnb-backed proposal to temporarily lift short-term rental restrictions and add up to 31,000 units ahead of the World Cup and Olympics. The hotel industry's biggest competitor just wrote itself into the city budget, and the Hotel Association found out like everyone else.
Morgan Stanley just raised its price target for Pebblebrook Hotel Trust to $10 while maintaining an Underweight rating, which sounds like good news until you realize the stock is already trading 36% above that target. For the operators actually running PEB's 46 upper upscale hotels, the analyst math tells a story about what Wall Street really thinks of urban luxury exposure right now.
Strong Q1 airline earnings on international routes are a 30-60 day leading indicator for gateway hotel demand, and most properties gutted their international sales infrastructure during COVID and never rebuilt it.
The mid-February national numbers look healthy at $103.35 RevPAR, but the spread between the best and worst performing markets was nearly 50 percentage points. If you're benchmarking against the national average instead of your three-mile radius, you're not managing... you're guessing.
Hotels in FIFA host cities have been pricing rooms like it's 1999. Now a shooting war, $90 oil, and a global travel sentiment shift are about to stress-test every assumption baked into those rate strategies.
