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Yahoo! Finance: REIT - Hotel/Motel Industry News

S&P lowers outlook on Host Hotels & Resorts (AP)
Standard & Poor's Ratings Services said it lowered its outlook on Host Hotels & Resorts Inc. on the likelihood that an indicator of its revenue generation will continue to soften next year.

Host Hotels' shares fall after outlook withdrawal (AP)
Shares of Host Hotels & Resorts Inc. declined on Tuesday after the real estate investment trust withdrew its guidance for the remainder of 2008, citing a deteriorating economy and a drop in travel spending.

Host Hotels withdraws 4th-qtr profit forecast (AP)
Host Hotels & Resorts Inc. lowered it outlook for fourth-quarter and full-year comparable hotel revenue per available room Tuesday, citing softening economic conditions.

Economic woes cut into Host Hotels' forecast (at MarketWatch)

Host Hotels & Resorts, Inc. Revises Fourth Quarter and Full Year 2008 RevPAR Guidance (PR Newswire)
Host Hotels & Resorts, Inc. today announced that as a result of the worsening economy, which is significantly slowing travel and negatively impacting the Company's operations, the Company is revising its fourth quarter and full year 2008 comparable hotel RevPAR guidance, and withdrawing its remaining 2008 guidance, that was included in its third quarter earnings press release on October 10, 2008.

Strategic Hotels adopts one-year 'poison pill' (AP)
Hotel real estate investment trust Strategic Hotels & Resorts Inc. said Monday its board approved a one-year "poison pill" due to the toll that current economic conditions are taking on the sector.

Ahead of the Bell: Some hotel price targets cut (AP)
An analyst lowered price targets on several lodging companies Monday on the likelihood that lower room rates will continue to hurt business next year.

Strategic Hotels & Resorts Adopts One-Year Stockholder Rights Plan (PR Newswire)
Strategic Hotels & Resorts, Inc. , today announced that its Board of Directors adopted a one-year stockholder rights plan and certain amendments to the Company's Bylaws.

LaSalle Hotel shares drop after rescinding outlook (AP)
LaSalle Hotel Properties' shares fell sharply on Friday after the real estate investment trust rescinded its outlook for 2008 when the value of its portfolio dropped in October.

LaSalle Hotel rescinds outlook as portfolio falls (AP)
LaSalle Hotel Properties, a real estate investment trust, rescinded its outlook for 2008 on Thursday as the value of its portfolio fell more quickly than expected in October.

LaSalle Hotel Properties Rescinds Prior Outlook (Business Wire)
BETHESDA, Md.----LaSalle Hotel Properties today rescinded its prior outlook for 2008 due to the continued rapid deterioration in the overall economic environment and lack of clarity related to its negative impact on the operating fundamentals of the lodging sector.

Ashford: The Right REIT for Right Now (at Seeking Alpha)

Ashford Hospitality Trust Reports Third Quarter Results, $225 Million of Cash Liquidity (Business Wire)
DALLAS----Ashford Hospitality Trust, Inc. today reported the following results and performance measures for the third quarter ended September 30, 2008. The proforma performance measurements for Occupancy, Average Daily Rate , revenue per available room , and Hotel Operating Profit include the Company's 103 hotels owned and included in continuing operations as of September 30, 2008.

Strategic Hotels & Resorts Reports Third Quarter 2008 Results (PR Newswire)
Strategic Hotels & Resorts today reported results for the third quarter ended September 30, 2008.

Sunstone Hotel Investors Reports Results of Operations for Third Quarter 2008 (PR Newswire)
Sunstone Hotel Investors, Inc. today announced results of operations for the third quarter ended September 30, 2008.