|I've owned AHT for a month or two now, and in the last 2 weeks I bought small positions in LHO, SHO, and FCH. Maybe I'm early on these HOTEL Reits but most of the positions I entered were at about 35-60% off of the recent highs of the stocks.|
Maybe we're entering a recession and things are going to turn for the worse, but I'm still seeing hotel prices go up in D.C., where I generally do business as an SAP Consultant. I'm also still seeing strong nationwide business for our company throughout 2008.
The owner of my small consulting company takes us to Cancun every year for a business meeting. This was my 3rd trip with them and this was the first year that our hotel had less people from the U.S. than from Europe. I think the exchange rate changes have made traveling to this side of the pond easier for Europeans, and I think that European tourism and appetite to buy hotels has been discounted in the valuation of these hotel reits.
But, who knows, we may go down before we go up, but I'm starting to enter positions.