Pebblebrook's Q3 2025 numbers show a company that outperformed estimates on FFO and RevPAR while posting a net loss north of $30 million. The "beat" headlines miss what the owner's actual return looks like after debt service, cap-ex, and a $0.01 quarterly dividend.
A "death cross" technical signal is getting attention for Park Hotels & Resorts, but the real deterioration is in the fundamentals: a net loss of $283 million, S&P leverage concerns, and 2026 guidance that assumes the world cooperates.
Host Hotels just posted a 4.6% EBITDAre gain and flipped two Four Seasons properties for a $500M taxable gain. The real number worth watching is buried in their CapEx guide.
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