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Shares of RLJ Lodging Trust (RLJ) rose on Wednesday morning after the REIT announced the sale of three hotels for nearly $300 million.
Hilton Worldwide (HLT) is expanding globally, taking advantage of a booming lodging industry, hotels managed by franchisees and Marriott's (MAR) preoccupation with its recent merger.
Evercore analyst Richard Hightower said Marriott could run into potential contractual issues by keeping all 30 brands under its umbrella.
Marriott (MAR) began offering discounts on hotel rooms this week, an event referred to by KeyBanc Capital analysts as 'Black November.'