2001The Journal of Hospitality Financial ManagementRequires access

Hotel Real Estate Investment Trusts (REITs): An Investigation of Market Performance, Risk Features, and Risk Determinants

Hyunjoon Kim

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Abstract

This empirical study investigates the long-term (1993–1999) performance of hotel REITs and compares it with five other REITs groups: office/industrial, residential, health care, retail, and diversified REITs. In addition, the study is designed to investigate the risk features of hotel REIT stocks as well as their determinants of systematic risk.

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What this paper is about

This empirical study investigates the long-term (1993–1999) performance of hotel REITs and compares it with five other REITs groups: office/industrial, residential, health care, retail, and diversified REITs. In addition, the study is designed to investigate the risk features of hotel REIT stocks as well as their determinants of systematic risk.

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Available abstract

This empirical study investigates the long-term (1993–1999) performance of hotel REITs and compares it with five other REITs groups: office/industrial, residential, health care, retail, and diversified REITs. In addition, the study is designed to investigate the risk features of hotel REIT stocks as well as their determinants of systematic risk.

Key concepts: Real estate investment trust, Business, Real estate, Estate, Investment (military), Finance, Political science, Law

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