and companies in the sector all reporting better revpar, healthy demand, and prospective demand/supply ratios favorable. At a nearly 9% yield waiting for a more rational valuation should not be very painful. Thank you Mr stock market! Please drop the share price some more too!
It will take out previous lows. When TA goes belly-up, HPT will be left holding the bag along with the HPT shareholders. Add in the effect of less travel with Europe in chaos, and you got a recipe for disaster.
Bad management decisions will cost the company dearly.