BofA downgrades Apple Hospitality and Summit Hotel amid demand uncertainty By Investing.com
Update: 2025-11-04
Description
Bank of America downgrades Apple Hospitality and Summit Hotel Properties due to growing uncertainty in the select-service hotel sector, particularly for small and mid-sized businesses. Soft earnings reports, potential government shutdowns, and fewer leisure travelers are causing concerns. Analysts expect more earnings downgrades and profit margin pressure for these hotel owners, with Apple Hospitality's newer hotels and Summit Hotel's higher debt adding to their vulnerabilities.
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