5 Best Hotel Stocks To Buy Now

4. Hyatt Hotels Corporation (NYSE: H)

Number of Hedge Fund Holders: 27

Chicago-based hotel giant Hyatt Hotels Corporation (NYSE: H) ranks 4th on the list of the 10 best hotel stocks to buy now. Hyatt Hotels is one of the world’s leading luxury hotel and resort operators, with a portfolio of 1,000 properties worldwide. Also, the organization runs the World of Hyatt loyalty program, which awards points that can be exchanged for hotel nights and other benefits.

The company has a market cap of $8.5 billion and total revenue of $2.06 billion in 2020. Shares of Hyatt increased 55.89% over the past twelve months.

Mason Hawkins’ Southeastern Asset Management held the most shares of Hyatt with more than 4 million shares worth more than $305 million at the end of the fourth quarter. The total value of the shares held by 27 hedge funds in Q4 2020 was $757 million.

Baron Partners Fund mentioned that Hyatt remains a leading player in the hospitality industry market in its Q4 2020 investor letter:

“Global hotelier Hyatt Hotels Corp. contributed to results on investor expectations that travel will increase as several newly developed COVID-19 vaccines work to help bring an end to the pandemic. While it may take time for Hyatt’s business and group customers to return, a strong leisure business is aiding recovery in revenue per available room. Hyatt has also successfully lowered its breakeven occupancy levels by reducing fixed costs and has cut its capital budget to preserve cash. Hyatt’s strong balance sheet is allowing it to weather the pandemic-generated disruption.”