Jefferies attended meeting with the management of Hersha Hospitality HT.
In a research report published today, Jefferies states, “We believe HT's 2011 outlook reconfirms what other operators consider to be a back-end
loaded year, and 2Q has progressed well. We believe HT will benefit from ADR growth
given its transient customer base and limited new supply in key markets. The recent LA
acquisition supports our view on continued transaction activity for HT and the group
although we continue to believe full service urban properties will outperform limited
service.”
At the moment, Jefferies has a Hold rating placed on the company's stock. On Thursday, Hersha closed the day at $5.47.
Jefferies also attended a meeting with the management of Gaylord Entertainment GET.
The report states, “GET provided further color regarding its recently announced Denver project which we
believe provides a substantial growth opportunity as it gives the company a presence in
the West. Further, we note that the company's overall strategy of holding back inventory
to drive pricing power should pay off over the long term. We maintain our view that the
recovery for GET is yet to play out and is not priced into the shares.”
At the moment, Jefferies has a Buy rating placed on the company's stock. On Thursday, Gaylord finished the day at $30.16.
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Posted In: Analyst ColorAnalyst RatingsConsumer DiscretionaryFinancialsGaylord Entertainment Co.Hersha HospitalityHotels, Resorts & Cruise LinesJefferiesSpecialized REIT's
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