📊 Topic

portfolio pruning

2 stories · First covered Feb 27, 2026 · Latest Mar 27
Related: RevPAR 1 Loyalty Program Assessments 1 Brand standards 1 Labor Costs 1 Select-Service Hotels 1 AFFO 1 Ashford Hospitality Trust 1 deleveraging 1 floating-rate debt 1 cap rate 1 Apple Hospitality REIT 1 Ladenburg Thalmann 1
portfolio pruning Coverage
Apple Hospitality's 34% EBITDA Margin Is the Ceiling, Not the Floor
REITs
Mar 27

Apple Hospitality's 34% EBITDA Margin Is the Ceiling, Not the Floor

Ladenburg Thalmann just initiated coverage on Apple Hospitality with a neutral rating and called its 34% EBITDA margin the highest in select-service. That number deserves decomposition before anyone calls it a moat.

JC
Jordan Chen 2 min read · Mar 27
Ashford Is Selling Everything That Isn't Nailed Down. Here's Why You Should Pay Attention.
Operations
Feb 27

Ashford Is Selling Everything That Isn't Nailed Down. Here's Why You Should Pay Attention.

When a REIT with $2.6 billion in floating-rate debt starts dumping hotels at a 3.9% trailing cap rate, that's not a strategy. That's a fire sale with a press release.

MS
Mike Storm 3 min read · Feb 27