What One Bad Hotel Deal Taught Me About Lodging REITs

Ryman Hospitality and Host Hotels are the top Lodging REIT picks, offering strong balance sheets, premium assets, and disciplined management. Hotel REITs' daily pricing creates both opportunity and volatility; quality, capital allocation, and prudent leverage are key to long-term outperformance. RHP trades at 12.4x P/AFFO (vs. 15.7x normal), yields 4.4%, and is forecast to deliver 25% annualized returns with a $118 YE price target.