Waterfront Capital Partners’ Top Travel Industry Stocks Led by La Quinta Holdings Inc (LQ), Royal Caribbean Cruises Ltd (RCL)

Eduardo Abush initiated a position in Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) during the first quarter of the year, disclosing a $16.48 million stake that contains 197,340 shares which represents 2.99% of his portfolio. Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) is one of the well-known leisure and hotel companies in the world, with more than 180,000 employees in 100 countries. Yesterday, the company announced that its Sheraton brand would debut in Danang, the third largest city in Vietnam, in early 2018. The company’s net income for the first quarter decreased by 27.74% to $99 million, compared to the same period in 2014. Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) repurchased 1.6 million shares during the quarter with a weighted average price of $72.29 per share,  for a cumulative cost of $123 million.

In Chatham Lodging Trust (NYSE:CLDT), a company which primarily owns and invests in hotels, Waterfront Capital Partners has ownership of 357,849 shares, valued at $10.52 million. In the first three months of 2015, Chatham Lodging Trust (NYSE:CLDT) invested $90 million to acquire the 240-suite Residence Inn in San Diego’s Gaslamp District, with an estimated capitalization rate of 7.6% per year. The company reported net income of $1.42 million or $0.04 diluted EPS for the first quarter of 2015. Other investors that hold large positions in Chatham Lodging Trust (NYSE:CLDT) are Forward Management managed by J. Alan Reid, Jr., AEW Capital Management run by Jeffrey Furber, and Jim Simons’ Renaissance Technologies.

Disclosure: None