This is a blog to share some food for thought regarding the US hospitality sector. It is going to be partly about what I picked up from someone who seems to be in the know. It might or might not explain in part why there were two IPOs of US hospitality assets in Singapore earlier this year. As usual, remember that it is just me talking to myself here in ASSI. Of course, don't take everything in ASSI as the Gospel truth. It is just my perspective most of the time. The US hospitality sector has grown robustly for a decade but incumbents are facing increasing number of challenges and stronger ones too. So, it is not surprising that some incumbents are letting go of their assets to lock in capital gains. It could be that rather than deal with the challenges themselves, they are passing the risks to other investors when showing off a past robust growth trajectory is still enough to attract buyers. ...