Keyword: Sunstone Hotel Investors
Companies are struggling to deal with the loss of roomnights and uncertainty about what the future will bring.
Hotel stocks have dropped, and hotel companies are pulling and downgrading their 2020 guidance amid COVID-19 concerns.
Pebblebrook Hotel Trust and Sunstone Hotel Investors pulled their Q1 and full-year 2020 guidance after seeing sizeable increases in cancellations.
As hotel companies wait for the long-term effects of the COVID-19 coronavirus outbreak, new initiatives and plans are helping businesses stay afloat.
The association named Jon Bortz, chairman, president and CEO of Pebblebrook Hotel Trust, chair of the board.
REITs are on the buying sidelines and not acquiring hotels at a time when the delta between new supply and demand is shrinking.
The property overhauled 1,060 guestrooms, corridors, main entrances and lobby, and meeting spaces.