I personally think that this is just the start of the growth in the hotel sector.
There are still a lot of hotels that are undervalued in both Book value valuations and also the fact that they have spent a lot of fund on remodeling the hotels that are still to generate revenues from those improvements.
One such gem I found is CHOT. CHOT has a book value that is almost the same as the stock price. This is a very conservative valuation as they haven't revalued their assets for the last decade or so. They have spent a lot money on renovating the 20 or so hotels that are scattered in some of the best locations in the country that cannot be bought even if you have enough money. Hard to find another listed hotel company with such a diverse hotel holding and I think is a great candidate for a foreign partnership or a takeover, with these kind of valuations. The revenues will undoubtedly increase a few fold within the next few quarters and so will the profits.