LaSalle rating upgrade lifts hotel REITs

03/11/2009 | Forbes

Shares of hotel REITs were lifted with broader markets on Tuesday. Part of the boost came when RBC Capital Markets analyst Mike Salinsky lifted his rating on LaSalle Hotel Properties to outperform. "With one of the strongest balance sheets in the sector, limited portfolio (capital expenditure) requirements and added liquidity from the recent dividend reductions, we believe (LaSalle) is particularly well positioned to weather the current downturn," Salinsky said.

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