Citi is slashing ThankYou Points transfer rates to Choice Privileges and Preferred Hotels by up to 50%, effective April 19. If you think this is just a credit card story, you're not paying attention to what's happening to the loyalty pipeline that feeds your front desk.
Citi just reaffirmed a Buy on the largest lodging REIT in the country with a $22 price target, and the spread between that number and where HST trades today tells you more about what Wall Street is pricing into luxury hospitality than any earnings call will.
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