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Office Defaults Hit a 10-Year High. Hotel Developers Should Be on the Phone With Receivers Right Now. A 25-Basis-Point Hike on $15M in Floating-Rate Debt Costs You $37,500 a Year. That's Not Abstract. Spirit Airlines Is Dead. Your Drive-To Market Just Became the Most Valuable Asset You Own. Pebblebrook's Preferred Shares Yield 8.15%. The Common Trades at a 33% Discount to NAV. DiamondRock's FFO Guidance Beat the Street by 29%. The Analyst Models Were Stale. RLJ Lost $6.4 Million Last Quarter. Their Stock Went Up. Here's Why That Makes Sense. DiamondRock Sold a Manhattan Courtyard for $175K Per Key. The Market Flinched. Office Defaults Hit a 10-Year High. Hotel Developers Should Be on the Phone With Receivers Right Now. A 25-Basis-Point Hike on $15M in Floating-Rate Debt Costs You $37,500 a Year. That's Not Abstract. Spirit Airlines Is Dead. Your Drive-To Market Just Became the Most Valuable Asset You Own. Pebblebrook's Preferred Shares Yield 8.15%. The Common Trades at a 33% Discount to NAV. DiamondRock's FFO Guidance Beat the Street by 29%. The Analyst Models Were Stale. RLJ Lost $6.4 Million Last Quarter. Their Stock Went Up. Here's Why That Makes Sense. DiamondRock Sold a Manhattan Courtyard for $175K Per Key. The Market Flinched.

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Cleveland market

1 story · First covered May 5, 2026 · Latest 7h ago

Cleveland market Coverage

Spirit Airlines Is Dead. Your Drive-To Market Just Became the Most Valuable Asset You Own.

Operations

7h ago

Spirit Airlines Is Dead. Your Drive-To Market Just Became the Most Valuable Asset You Own.

Eight hundred thousand airline seats vanished overnight and surviving carriers are jacking fares 5-15% for summer. If you're a drive-to leisure property still running last month's rate strategy, you're leaving money on a table that's about to get very crowded.

MS

Mike Storm 3 min read · 7h ago