I have been following this stock for 5 years. I used to trade it. But I stopped for the past 1.5 years. I am amazed by its Y-2-Y RevPAR performance comparing to the industry average. SPPR was left behind every single quarters for the past 1.5 years. They used to blame it on legacy properties. Well, their 10-Q clearly shows even its newly acquired mid-to-high end properties have negative Y-2-Y RevPAR growth. The management has nobody to blame but themselves.
I tried to short it. But my brokerage refused, claiming they couldn't borrow the shares for me to short.