Hotel REIT shares up 11% as industry struggles

08/24/2009 | Wall Street Journal, The

The revenues generated by the U.S. hotel industry are the worst they have been in years, but the prices for hotel REITs' shares are climbing, seemingly untouched by the industry's underlying fundamentals. The shares of hotel REITs posted gains of 11% in recent weeks, and since the beginning of the year, they're up 34%.

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