Jefferies Provides Color on Gaming and Lodging Sector

Jefferies provided color on Gaming and Lodging sector. In a research report published today, Jefferies states, "Given the acceleration of hotel acquisitions by the lodging REITs, we update on our proprietary NAV analysis. As the resumption of trading remains in the early stages, the attractiveness of these deals lies in the future operating and financial improvements over time. Our updated NAV analysis suggests SHO and DRH are trading at a discount, while LHO is at a premium, both of which we believe are appropriate." On Friday, Sunstone Hotel Investors SHO closed the week at $9.81. At the same time, DiamondRock Hospitality Company DRH ended last week at $11.06, or 0.64% above previous close. Finally, LaSalle Hotel Properties LHO lost 1.02% in Friday's trading to finish the week at $26.19.