| Market Capitalization (Millions $) |
62 |
| Shares
Outstanding (Millions) |
63 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
33 |
| Net Income (TTM) (Millions $) |
-4 |
| Cash Flow (TTM) (Millions $) |
3 |
| Capital Exp. (TTM) (Millions $) |
2 |
Business Description
Hospitality Investors Trust Inc (HIT) is a real estate investment trust (REIT) specializing in hospitality properties across the United States. Its primary focus is on acquiring prolonged-stay hotels and other select-service hotels that cater to both business and leisure travelers.
The company was founded in 2013 and is based in Atlanta, Georgia. HIT is a public company listed on the New York Stock Exchange (NYSE) under the ticker symbol "HIT".
HIT's business strategy is to invest in high-quality properties located in attractive markets with strong demand drivers. The company aims to create value for its shareholders by acquiring properties at a discount to replacement cost and by optimizing operations through effective asset management.
As of June 30, 2021, HIT's portfolio consisted of 40 hotels located across 22 states. The total number of rooms in the portfolio was approximately 5,500. The majority of the properties in the portfolio are branded under well-known flags such as Marriott, Hilton, IHG, and Hyatt.
HIT's management team has a wealth of experience in the hospitality industry, with a track record of successfully acquiring, owning, and managing hospitality properties. The team's expertise includes real estate development, acquisitions, financing, and asset management.
HIT's financial performance has been consistently strong, with solid occupancy rates and revenue per available room (RevPAR) growth. The company's FFO (funds from operations) has also been steadily increasing, indicating the growing profitability of its portfolio.
In conclusion, HIT is a leading REIT in the hospitality sector that owns and operates a portfolio of select-service and prolonged-stay hotels across the United States. The company's sound business strategy, experienced management team, and strong financial performance make it an attractive investment opportunity for investors seeking exposure to the hospitality industry.
Company Address: 701 S. Colorado Ave Stuart 34994 FL
Company Phone Number: 373-0333 Stock Exchange / Ticker: NASDAQ HIT
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35.37 %