NYU, NAREIT, and Investor Conferences Special
Skift Take
The NYU Conference had mixed opinions on its tone and mood, with Barclays finding it muted and Truist noting a lack of extreme bullishness, while discussions on hotel REITs highlighted concerns about investment strategies and the influence of hedge funds.
The Daily Lodging Report had not planned to publish between Monday June 3 to Thursday, June 6. But with the NYU, NAREIT, and investor conferences this week, we decided to do a mid-week summary of some of the consultant, analyst and the company-wide announcements rather than break readers' inboxes on Sunday. We will get to non-conference news this weekend.
Opinions varied on the tone and mood at the NYU Conference. Barclays described it as uncharacteristically muted while Truist said they did not find anyone coming out swinging with the over the top bullishness they have seen in conferences in years past. If you discussed the high end you came away from the NYU show saying things are bullish, not so much on the low end. Some felt Hilton sounded a lot more confident than Marriott. The reality is if you took the mood at ALIS and compared it to NYU each year, you rarely found it the same.
Truist had an interesting view on the REITs, even before NAREIT. They said the
