![]() ![]() Travelers can choose from brands such as the iconic Ritz-Carlton, extended stay options at the Residence Inn, or something firmly between the two. This hospitality REIT operates out of Maryland and dates back to 1927. Marriott International is another well-known name in the hotel space, with 30 distinct brands. Hyatt’s success should continue well into the future as people turn to trusted brands for business trips and family vacations. Revenue numbers continue to increase as time passes, over 183% higher than figures from last year, and market capitalization sits over the $9.5 billion mark. Despite a slowdown from the Covid pandemic, Hyatt trades 40% higher than it did five years ago. ![]() ![]() This hotel is one of many Hyatt locations popping up worldwide as the hospitality company reaches new heights. In October of this year, Hyatt opened its first lifestyle brand hotel in Southeast Asia, further expanding its global footprint. It now contains more than a dozen unique brands ranging from upscale to luxury with all-inclusive options mixed in. The company went public in 1962 after considerably expanding its operations both in the United States and overseas.Īfter a brief split, Hyatt’s domestic and international companies merged in 2004 to become Hyatt Hotels Corporation.Īs of January 2022, Hyatt’s portfolio includes more than 1,150 hotels in 70 countries on every continent north of Antarctica. Hyatt Hotels Corporation dates back to 1957 when entrepreneur Jay Pritzker purchased the Hyatt House motel in Los Angeles. Related: The 10 Best Monthly Dividend Stocks For Income Investors Hyatt Hotels Corp. A 0.32% dividend yield is just the icing on the cake. Revenue from the second quarter surpassed expectations, and past performance numbers show this is a common trend with Park Hotels and Resorts.Īlthough share prices have dipped, investors are optimistic about the company’s earnings prospects. There’s a lot of liquidity behind the $2.82 billion market cap, and this hotel REIT continues to preserve a strong and flexible balance sheet. Through careful capital allocation, the company invests back into current hotels to increase value while scouting for new targets to bring on board. Park Hotels and Resorts offers roughly 30,000 rooms to guests around the country. Over 88% of its 47 hotels fall into the luxury range, with 80% of locations covering central business districts or prime resort spots. Park Hotels and Resorts added premium locations in key markets such as Boston, San Francisco, Los Angeles, and Miami with this purchase. In September 2019, it acquired the Chesapeake Lodging Trust to incorporate a new level of investments into its current portfolio. The company spun off from the Hilton line of hotels at the beginning of 2017, creating a headquarters in Virginia. Park Hotels and Resorts (NYSE: PK)Īs the name implies, Park Hotels and Resorts owns a range of high-end and luxury properties. Shareholders will delight in a 5.84% dividend yield, and Apple Hospitality has already announced an increase in this monthly distribution to approximately 6% starting in November.Įven more so, the $3.77 billion market capitalization gives this hotel REIT a firm foundation to stand on. This translates to a positive stock outlook that has nearly recovered to pre-pandemic heights. The REIT also has a habit of reinvesting in its hotels to bring in higher returns across the board.įinancial numbers from the last several quarters remain at impressive levels, consistently beating expectations for revenue and earnings per share. As Apple Hospitality searches for new locations to invest in, it follows strict guidelines for aligning with the best brands and hospitality teams. ![]()
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