North America
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.