Hotel REITs Jump As Investors Regain Confidence In Shares | WSJ.com

Shares of hotel real-estate investment trusts traded higher Thursday as investors gained more confidence in the battered stocks following a successful equity offering by Diamondrock Hospitality Co. (DRH) earlier in the week. "This rally ... is partially a short squeeze, partially greater confidence in economic recovery and partially a response to equity markets being open to hotel REITs," Baird analyst David Loeb told Dow Jones Newswires.