📊 Topic

Cap Rate Compression

3 stories · First covered Apr 12, 2026 · Latest May 30
Related: RevPAR 1 Marriott International 1 Hilton Worldwide Holdings 1 Hilton 1 Courtyard 1 EBITDA 1 Capital Expenditure Requirements 1 Select-Service Hotels 1 Manhattan hotel market 1 DiamondRock Hospitality 1 Chatham Lodging Trust 1 Federal Reserve 1
Cap Rate Compression Coverage
Chatham Bought Six Hotels at a 10% Cap Rate. That Number Tells You Where the Cycle Is.
REITs Primary
May 30

Chatham Bought Six Hotels at a 10% Cap Rate. That Number Tells You Where the Cycle Is.

A small-cap lodging REIT hitting a 52-week high isn't usually headline material. But Chatham's recent moves tell a story about what's quietly working in hotel investment right now... and why the operators running these buildings should be paying very close attention to what comes next.

MS
Mike Storm 3 min read · May 30
DiamondRock Sold a Manhattan Courtyard for $175K Per Key. The Market Flinched.
Transactions
May 5

DiamondRock Sold a Manhattan Courtyard for $175K Per Key. The Market Flinched.

DiamondRock dumps a 189-room Manhattan leasehold at a 13.3% trailing cap rate and cuts full-year guidance by $5.9 million. The stock slide tells you less about the deal than about what investors think comes next.

JC
Jordan Chen 2 min read · May 5
$114 Billion in Hotel Loans Mature by 2027. Most Were Underwritten for a World That No Longer Exists.
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Apr 12

$114 Billion in Hotel Loans Mature by 2027. Most Were Underwritten for a World That No Longer Exists.

March CPI just printed at 3.3% and the Fed is now discussing hikes instead of cuts. If your hotel acquisition was underwritten assuming SOFR would be 150-200 basis points lower by now, the refinancing math isn't tight... it's broken.

JC
Jordan Chen 3 min read · Apr 12