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FelCor Lodging welcomes weary North American travelers. One of the top hotel real estate investment trusts (REIT) in the US, FelCor owns interests in more than 80 properties with roughly 25,000 rooms in nearly two dozen states and Canada. Most are upscale hotels operating under the Embassy Suites, Holiday Inn, Doubletree, Sheraton, Westin, Renaissance, and Hilton brands, with a concentration of its portfolio in major metropolitan areas of Florida, California, and Texas. FelCor's properties are managed by Hilton Worldwide, InterContinental Hotels, Marriott International, and Starwood Hotels & Resorts.

Host Hotels & Resorts will leave the chandelier on for you. The largest hotel real estate investment trust (REIT) in the US, Host Hotels owns some 120 luxury and upscale hotels in North America, South America, and Europe. Most of its hotels operate under the Marriott and Ritz-Carlton brands and are managed by sister firm Marriott International. Other brands include Four Seasons and Hyatt. To maintain its REIT status, the company operates through majority-owned Host Hotels & Resorts LP. All properties are leased to management firms. Host Hotels holds interests in several partnerships, including a 49% stake in Tiburon Golf Ventures, which operates a golf course in Florida.

Innkeepers USA Trust is a self-administered real estate investment trust (REIT) that primarily invests in upscale and extended-stay hotel properties. (IT also invests in full-service hotels and mid-priced lodgings.) The REIT owns stakes in about 75 hotels with some 10,000 rooms in more than 20 states. Nearly all are leased by management company Island Hospitality. About half of its hotels are operated under the Residence Inn by Marriott brand. Other brands include Hampton Inn and Summerfield Suites. Laden with more than $1 billion in debt, the REIT filed for Chapter 11 bankruptcy protection in July 2010.

InnSuites Hospitality Trust wholly-owns and operates five studio and two-room suite hotels in Arizona, New Mexico, and southern California, four of which are co-branded as Best Westerns. The company also provides management services for nine hotels and trademark license services for 11 hotels. InnSuites Hospitality Trust primarily operates through the InnSuites Hotels & Suites and InnSuites Boutique Hotel Collection brands. InnSuites Hospitality Trust operates through its majority-owned affiliate RRF Limited Partnership, which in turn operates through subsidiary InnSuites Hotels.

InnVest has an inncredible grasp on Canada's hotel market. The real estate investment trust (REIT) owns some 145 hotels containing about 19,000 guest rooms -- the largest hotel portfolio in Canada. Its holdings consist of limited service and midscale full-service hotels; most operate under Choice Hotels International brands, including Comfort Inn, Quality Hotel, and Quality Suites. InnVest also owns some hotels under the Travelodge, Holiday Inn, and other names. The REIT owns a 50% interest in hotel franchiser Choice Hotels Canada. In addition to its hotel assets, InnVest owns office, retail and retirement home properties. More than three-quarters of the REIT's portfolio is held in Ontario and Quebec.

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