He's met them a few times and nearly bought their stock. It was the hotel chain for railroad workers, but have since re-positioned themselves into premiere brands operating in secondary markets like Pittsburgh. They've done a good job of repositioning, but had a poor quarter. True, there are good things in thosenumbers, but it'll take maybe three quarters to work through this transition. Also, hotels are vulnerable to an economic downturn.
He has met with their management a few times. They have transitioned their business from hotels for railworkers and staff, which was a simple and good business. They have transitioned to owning more hotels, generally in B cities in the US. He doesn’t have confidence that this will work out well. Its price has been dropping. He doesn’t recommend selling it this low.
They owned hotels in smaller US markets along railroad lines. When margins got squeezed they diversified and focused on business travelers. It is cheap and the dividend looks safe. Buying on US GDP growth. Yield 8%.
American Hotel Income Properties is a Canadian stock, trading under the symbol HOT.UN-T on the Toronto Stock Exchange (HOT.UN-CT). It is usually referred to as TSX:HOT.UN or HOT.UN-T
In the last year, 2 stock analysts published opinions about HOT.UN-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for American Hotel Income Properties.
American Hotel Income Properties was recommended as a Top Pick by on . Read the latest stock experts ratings for American Hotel Income Properties.
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2 stock analysts on Stockchase covered American Hotel Income Properties In the last year. It is a trending stock that is worth watching.
On 2022-05-20, American Hotel Income Properties (HOT.UN-T) stock closed at a price of $3.63.