The hotel REIT sector has seen an increase in total capitalization of $15.7 billion since year end 2001 and an increase of $5.1 billion year to date. While maintaining larger pools of capital resources, Hotel REITs have reigned in their debt exposure since 2001, moving from just under 60.0 percent of total capitalization, to a relatively conservative 40.0 percent.

Total Debt to Total Capitalization (%)

Source: SNL Financial