Jefferies Anticipates Outperformance from Starwood Hotels, Host Hotels, and LaSalle Hotel Properties

“We believe we could see outperformance by Starwood Hotels & Resorts Worldwide Inc. HOT, Host Hotels & Resorts Inc. HST and LaSalle Hotel Properties LHO given their strong higher end portfolios and concentration in urban gateway markets which have outperformed in 2Q11,” Jefferies wrote in a report focusing on gaming and lodging. “Conversely in the case of Gaylord Entertainment Co. GET, while we remain bullish on the long term prospects for the story, our below consensus estimates reflect a more pronounced ramp in earnings as the year progresses than what the Street is forecasting, which could set the shares up for disappointment.” Starwood Hotels & Resorts closed Monday at $56.57; Gaylord Entertainment closed at $30.76; Host Hotels closed at $16.98; LaSalle Hotel Properties closed at $26.26.