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Your Generator Won't Run the AC. That's a Problem at 105 Degrees. Your Distressed Traveler Agreement Is Sitting in a Drawer. Airline Strike Season Starts in Two Weeks. Leisure Is Filling Your Rooms. It's Not Filling Your P&L. Summit's CFO Just Walked. The Stock Dropped 8%. And Nobody's Saying Why. Hyatt's Biggest Risk Was Never the Hotels. It Was the Family Name on the Door. Cohen & Steers Dumped 7.5 Million Caesars Shares. The Fertitta Deal Explains Why. Fertitta Is Selling $3.2M in Wynn Options While Closing a $17.6B Casino Deal. Follow the Cash. Your Generator Won't Run the AC. That's a Problem at 105 Degrees. Your Distressed Traveler Agreement Is Sitting in a Drawer. Airline Strike Season Starts in Two Weeks. Leisure Is Filling Your Rooms. It's Not Filling Your P&L. Summit's CFO Just Walked. The Stock Dropped 8%. And Nobody's Saying Why. Hyatt's Biggest Risk Was Never the Hotels. It Was the Family Name on the Door. Cohen & Steers Dumped 7.5 Million Caesars Shares. The Fertitta Deal Explains Why. Fertitta Is Selling $3.2M in Wynn Options While Closing a $17.6B Casino Deal. Follow the Cash.

📊 Topic

Adjusted EBITDAre per key

1 story · First covered Apr 5, 2026 · Latest Apr 5

Adjusted EBITDAre per key Coverage

Host Sold Two Four Seasons for $1.1B. The Per-Key Math Tells a Different Story.

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Apr 5

Host Sold Two Four Seasons for $1.1B. The Per-Key Math Tells a Different Story.

Host Hotels sold 569 luxury keys for $1.93M each and called it capital recycling. The unlevered IRR looks clean at 11%... until you ask what replacement assets at that yield actually look like in 2026.

JC

Jordan Chen 2 min read · Apr 5