RLJ Lodging Trust and Park Hotels & Resorts Inc. are the latest lodging REITs to reveal staggering revenue declines in the second quarter — but their respective chief executives are optimistic they can ride out the storm. Bethesda-based RLJ Lodging (NYSE: RLJ) suspended operations at 57 of its hotels as a result of the Covid-19 pandemic. Its revenue per available room (RevPAR), a key industry metric, crashed to $13.56 in the second quarter compared with $156.78 the year prior. Revenue was down…
from https://www.bizjournals.com/baltimore/news/2020/08/10/revenue-collapses-for-regions-lodging-reits.html?ana=RSS&s=article_search
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