Shares of hotel real estate investment trusts surged with the broader market on Tuesday as an RBC Capital Markets analyst affirmed an "Outperform" ratings on lodging REIT LaSalle Hotel Properties. "With one of the strongest balance sheets in the sector, limited portfolio (capital expenditure) requirements and added liquidity from the recent dividend reductions, we believe (LaSalle) is particularly well positioned to weather the current downturn," said RBC Capital Markets analyst Mike Salinsky in a note to investors.

Read the full article at businessweek.com