This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Hersha Hospitality Trust's CEO Presents At Bank Of America Merrill Lynch 2012 Global Real Estate Conference (Transcript)

Mark W. Brugger

This is trying to came back, we’re seeing in the Group side this is the best year, if you look at the kind of normal recovery of Group the trend lines over the last couple of cycles, it’s a little later in the cycle coming back in some of the other cycles we've seen particularly in the last two. So Group is coming back, now you’re seeing the pace increased throughout this year, it is market-by-market, it is quarter-by-quarter.

We're seeing what we saw a lot of strength in our portfolio in the second quarter particularly Chicago, Boston, we’re seeing a lot of strength in the fourth quarter, Q3 for us this summer a little bit extended. To this last group compression, but as we kind of finish out the year, we’re seeing very strong results and booking pace in a number of our markets; I would say five or six different markets are showing very good growth in the fourth quarter.

So we’re seeing the positive trends in Group, but this trends remains strong and we are just seeing again it’s market-by-market, we just hanging then there as well.

Andrew G. Didora – Bank of America Merrill Lynch

On the Group scene market and if you find our business most exposure have the panel to group. Where do you see outside the room spending to it?

Mark W. Brugger



Outside of interesting for us have been lighting as well not only had the Group’s productivity been weaker, (inaudible) up to cause at the beginning of 2011, that started to improve, but even through the course of 2011, you heard us talk about ancillary spend, those are the revenue streams that Group rooms are usually producing. So we are nowhere near where they should have been based on historical norms.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs