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Home » Bear Stearns Downgrades Lodging Sector
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Bear Stearns Downgrades Lodging Sector

By Hotel BusinessDecember 4, 20001 Min Read
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NEW YORK Bear Stearns Senior Managing Director and Lodging Analyst Jason Ader, in response to growing weakness in the U.S. economy, downgraded the lodging sector. Citing a clear correlation between the economy and the lodging industry, Ader lowered his rating on six prominent lodging stocks.

Ader notes that while an economic slowdown has already been incorporated into some of the stock prices, he believes the downturn could be worse than anticipated. In addition, further speculation that the risk of a recession is increasing will further depress the sector.

Specifically, Ader downgraded the following stocks: Marriott International (MAR) was downgraded to Neutral from Buy Hilton Hotels Corp. (HLT) was downgraded to Neutral from Buy Starwood Hotels and Resorts (HOT) was downgraded to Attractive from Buy MeriStar Hospitality (MHX) was downgraded to Attractive from Buy Extended Stay America (ESA) was downgraded to Attractive from Buy Four Seasons (FS) was downgraded to Neutral from Attractive (12/4/00)

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