Travel & Hospitality · Week of Nov 2, 2026
Hotel REITs raise guidance and reshape portfolios: the week in travel
Hotel REITs raised guidance and reshuffled portfolios, while Six Flags and Princess Cruises opened Black Friday offers and ASUR traffic slipped.
Lodging owners dominated the week. Xenia Hotels & Resorts and Sunstone Hotel Investors both reported double-digit RevPAR gains for the third quarter of 2026 and raised full year guidance, with Sunstone also citing $117.8 million of stock repurchases in the quarter. Portfolio and balance-sheet moves came alongside the results: Braemar Hotels & Resorts closed the $372 million sale of the Four Seasons Resort Scottsdale and refinanced the Ritz-Carlton Lake Tahoe, while AMTD Digital moved four hotel assets into its subsidiary The Generation Essentials Group in an all-share deal valued at US$209,766,000.
On the leisure side, Six Flags Entertainment Corporation and Princess Cruises both announced Black Friday promotions running into late November and early December. Airport data offered a softer signal: Grupo Aeroportuario del Sureste (ASUR) said October 2026 passenger traffic fell 0.9%, with Mexico down 5.4% and Cancun down 7.7%, while Puerto Rico and Colombia grew.
Xenia Hotels & Resorts, Inc.
Xenia Hotels & Resorts Reports Third Quarter 2026 Results
Xenia Hotels & Resorts reported a third quarter 2026 net loss attributable to common stockholders of $2.7 million, narrower than $13.7 million a year earlier, as Adjusted EBITDAre rose 26.0% to $53.2 million and Same-Property RevPAR increased 12.5% to $184.75. The company raised full year 2026 guidance to Adjusted EBITDAre of $278 million to $284 million, citing third quarter and October performance above its prior expectations.
Sunstone Hotel Investors, Inc.
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR THIRD QUARTER 2026
Sunstone Hotel Investors reported third quarter 2026 net income attributable to common stockholders of $38.7 million, versus a net loss of $2.9 million a year earlier, with RevPAR up 11.4% to $235.22. It raised full year RevPAR growth guidance to 9.5% to 10.5% and said it repurchased $117.8 million of common and preferred stock in the quarter, with $310.6 million remaining under its authorization.
Six Flags Entertainment Corporation
Six Flags expands the holiday cheer with more parks, more events and more ways for families to celebrate in 2026
Six Flags Entertainment Corporation announced holiday events at 11 parks starting Nov. 20, 2026, including reimagined Holiday in the Park events at Six Flags Great Adventure and Six Flags Over Georgia that it calls the first phase of a multiyear transformation. The company also introduced free unlimited home-park admission for guests 65 and older, excluding Knott's Berry Farm, and Black Friday ticket and resort offers valid through Nov. 30.
Braemar Hotels & Resorts Inc.
BRAEMAR HOTELS & RESORTS ANNOUNCES CLOSING ON SALE OF FOUR SEASONS RESORT SCOTTSDALE
Braemar Hotels & Resorts closed the sale of the 210-room Four Seasons Resort Scottsdale for $372 million, or $1.8 million per key, which it says represents a 5.8% capitalization rate and a 15.0x trailing Hotel EBITDA multiple including anticipated capital expenditures. The company says the proceeds will help fund remaining fees owed to its external advisor and that it remains on track to become a self-managed REIT in mid-November.
AMTD IDEA Group; AMTD Digital Inc.; The Generation Essentials Group
AMTD IDEA, AMTD Digital and TGE Jointly Announce the Injection of Four Premium Hotel Assets into TGE
AMTD Digital transferred controlling interests in four hotel assets, including the AMTD IDEA Tribeca Hotel and a 50% interest in the Ritz-Carlton, Perth's hotel operations, to The Generation Essentials Group for US$209,766,000, paid with 198,630,381 new Class A ordinary shares; the deal was completed November 2, 2026. After the transactions, AMTD Digital holds 88.2% of TGE's issued share capital and AMTD IDEA Group beneficially owns 95.6%.
Grupo Aeroportuario del Sureste, S.A.B. de C.V.
ASUR Announces Total Passenger Traffic for October 2026
ASUR said total passenger traffic for October 2026 was 9,282,453, down 0.9% from a year earlier, with Mexico down 5.4% and international traffic at Cancun down 9.5%. Gains in Puerto Rico (4.8%), Colombia (2.8%), Brazil and Ecuador were offset by declines in Costa Rica and Curazao, and year-to-date traffic was down 0.7%.
Princess Cruises
Blue Is Back: Princess Cruises Unveils "Blue Friday" Savings
Princess Cruises, part of Carnival Corporation, announced a "Blue Friday" sale from November 6 through December 7, 2026, offering up to 50% off cruise fares, up to $400 in instant savings and free fares for third and fourth guests on select voyages. Past guests get a separate private sale from November 13 through November 23 with up to $800 off and 50% off deposits.
Braemar Hotels & Resorts Inc.
BRAEMAR HOTELS & RESORTS ANNOUNCES REFINANCING OF THE RITZ-CARLTON LAKE TAHOE
Braemar Hotels & Resorts refinanced the mortgage on the 170-room Ritz-Carlton Lake Tahoe with a new $60.0 million loan at SOFR + 2.65%, replacing a $43.4 million loan at SOFR + 3.25% that was due in January 2027. The company says an additional $15.0 million may be drawn subject to conditions and that its next hard debt maturity is December 2028.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Cabo Fish Reports reporting.