Hotel REITs
What Are Hotel REITs? Hotel Real Estate Investment Trusts (REITs) own and operate a portfolio of hotel properties, including resorts, business hotels, and boutique accommodations. These REITs generate income from room rentals, event space leasing, and ancillary services like food and beverage.
Why Invest? Hotel REITs offer potential for high returns through occupancy rates and revenue per available room (RevPAR). As travel demand rebounds post-pandemic and global tourism grows, these REITs provide exposure to the hospitality sector, benefiting from increased leisure and business travel.
Challenges & Outlook Hotel REITs face challenges such as economic downturns, fluctuating travel demand, and seasonality. However, with the recovery of global tourism and rising travel budgets, hotel REITs are well-positioned for long-term growth, especially those with diverse portfolios and prime locations.
Hotel REITs
Updated Nov 10, 2026, 3:00 AM ET
- REITs
- 14
- Combined Mkt Cap
- $48.5B
- Snapshot Avg Yield
- 3.87%
The snapshot average uses 14 reported yields with equal weight, including zero yields and excluding missing values. Individual company data may update after this snapshot.
The Numbers Behind the Sector
Updated Nov 10, 2026, 3:00 AM ET
- Fwd FFO
- 11.5x
- 3-Yr FFO Growth
- +0.4%
- 3-Yr Return
- +20.1%
- Avg Discount
- -4.8%
- Net Debt/EBITDA
- 7.2x
- Market Value
- $48.54B
| Company | Ticker | Market Cap | Dividend Yield | P/FFO | 3Yr Total Return |
|---|---|---|---|---|---|
| Host Hotels | HST | $17.3B | 3.16% | 11.6x | +23.3% |
| Ryman Hospitality | RHP | $9.34B | 3.54% | 14.8x | +18.8% |
| Apple Hospitality | APLE | $4.65B | 4.88% | 12.0x | +15.9% |
| Park Hotels | PK | $3.33B | 6.08% | 8.6x | +21.4% |
| Diamondrock Hospitality | DRH | $2.94B | 3.06% | 11.6x | +25.6% |
| Pebblebrook Hotel | PEB | $2.43B | 0.18% | 11.9x | +23.6% |
| Sunstone Hotels | SHO | $2.24B | 2.84% | 12.9x | +14.2% |
| Xenia Hotels | XHR | $2.02B | 2.55% | 13.8x | +27.5% |
| RLJ Lodging | RLJ | $1.96B | 4.66% | 8.8x | +16.3% |
| Summit Hotels | INN | $0.78B | 4.44% | 8.6x | +12.8% |
| Chatham Lodging | CLDT | $0.74B | 2.52% | 11.9x | +23.7% |
| Services Property | SVC | $0.67B | 3.88% | 4.2x | -44.5% |
| Braemar Hotels | BHR | $0.11B | 12.42% | 3.2x | -2.6% |
| Ashford Hospitality | AHT | $0.02B | 0.00% | Not reported | -50.8% |
Frequently Asked Questions
How many Hotel REITs are tracked here?
Hoya Capital's Hotel REITs table contains 14 companies classified in this sector in its company database. This is the number of tracked records, not a count of every business in the industry or a recommendation to purchase any security.
What is the average dividend yield for Hotel REITs?
The simple average dividend yield for the tracked Hotel REITs is 3.87%, using 14 reported yields. Each reported yield receives equal weight, including zero yields; missing values are excluded. This calculation describes the company table and is not a forecast of future distributions.
What is the median dividend yield for Hotel REITs?
The median reported dividend yield for Hotel REITs is 3.35% across 14 companies. The median is the middle observation after sorting yields, or the average of the two middle observations when the count is even. Missing yields are excluded.
Which tracked company is largest in Hotel REITs by market capitalization?
Host Hotels (HST) has the largest reported market capitalization in the Hotel REITs table, at $17.32 billion. Market capitalization measures equity market value, not property value or investment quality. The comparison covers only tracked companies with a reported value.