Marriott's end-of-summer credit card push is dangling 150,000 points and $250 cash to new cardholders, and the real beneficiary isn't the traveler collecting points... it's the fee machine that turns your lobby into someone else's loyalty acquisition channel.
Summit Hotel Properties just extended its debt runway to 2031 and shaved 20 basis points off borrowing costs on a $650 million facility. The interesting part isn't the maturity extension... it's what the spread structure tells you about how lenders are pricing select-service REIT risk right now.
A 12.7% stake reduction from one institutional investor is routine portfolio management. But when you pair it with a "Reduce" consensus, a CFO selling shares, and domestic RevPAR declining 2.2%, the picture sharpens fast.
