Host Hotels’ Sparkling Balance Sheet

• The earnings calendar accelerated in both the REIT and C-Corp section in the past 24 hours. Hyatt received the most attention with a clean beat but then some concerns creeping in.
• Host Hotels had a lousy two days to issue a great report with a clean and positive beat and raise.
• Summit Hotels came in just under consensus even with a strong top-line performance as higher hotel-level expenses hurt results.

The DJIA dropped 286 points, while Nasdaq was down 58, the S&P 500 fell 29 points, and 10-year treasury was up .02 at 3.36%. The Dow Jones U.S. Travel & Tourism Total Stock Market Index was down 1.3 percent. The earnings calendar accelerated in both the REIT and C-Corp section in the past 24 hours. Hyatt received the most attention with a clean beat but then […]