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Fortunately I don't have a large position in RYL so while the cut sucks, it doesn't really hurt. I'll be buying more as well if it gets to around $2.
 

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Not surprising with tourism in the tank. I think it opens a larger debate as to whether this is really a REIT. It's a hotel business trust. Most of its income is from "hospitality revenue", not real estate. It seems to be in the business of running hotels, not renting buildings to other people to run hotels. Or perhaps it is the nature of the business that their "franchise fees" and/or rents vary with occupancy rates, rather than being fixed.
 

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I always thought that Royal Host was mostly old worn out properties like old travelodge and ramada hotels with a few nicer ones. Those older hotels are the last resort for most folks; mostly walk in I presume. I don't know anymore than that but that is enough to avoid this hotel reit. No wonder they cut the distribution. This is dead man walking IMHO.
 
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