My 3 Favorite Hotel REITs Plus A Las Vegas Wild Card

Brad Thomas Investing Group Follow Summary Host Hotels stands out for its trophy real estate, investment-grade balance sheet, and disciplined capital allocation, but is currently rated HOLD due to full valuation. Ryman Hospitality offers the widest moat with its group-oriented convention resorts, trading at a discount to historical multiples and rated BUY with a 20%+ 12-month total return target. Apple Hospitality provides a 6.2% monthly yield, a conservative balance sheet, and a diversified rooms-focused portfolio, making it an attractive HOLD for income-oriented investors. Red Rock Resorts, a non-REIT, offers owner-operator upside, substantial insider alignment, and potentially explosive free cash flow growth, complementing traditional REIT exposure. Looking for a helping hand in the market? Members of iREIT®+HOYA Capital get exclusive ideas and guidance to navigate any climate. Learn More » Anton Skripachev/iStock via Getty Images A few days ago, I wrote about Net Lease REITs, a group of real estate stocks built around long-duration leases, contractual rent payments, and business models that have demonstrated remarkable predictability across multiple economic cycles. This article was written by Brad Thomas 119.73K Followers Follow Brad Thomas has over 30 years of real estate investing experience and has acquired, developed, or brokered over $1B in commercial real estate transactions. He has been featured in Barron's, Bloomberg, Fox Business, and many other media outlets. He's the author of four books, including the latest, REITs For Dummies. Brad, along with HOYA Capital, lead the investing group iREIT®+HOYA Capital. The service covers REITs, BDCs, MLPs, Preferreds, and other income-oriented alternatives. The team of analysts has a combined 100+ years of experience and includes a former hedge fund manager, due diligence officer, portfolio manager, PhD, military veteran, and advisor to a former U.S. President. Note: Brad is also related to Nicholas Thomas who contributes to Seeking Alpha. Learn more Analyst’s Disclosure: I/we have a beneficial long position in the shares of O, VICI, RRR, RHP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.