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VICI Properties Inc. (VICI) Q1 2021 Earnings Call Transcript


Operator
Good day, ladies and gentlemen. Thank you for standing by. Welcome to VICI Properties First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Please note, that this conference is being recorded today, April 30, 2021. I will now turn the call over to Samantha Gallagher, General Counsel with VICI Properties.
Samantha Gallagher
Executive Vice President, General Counsel and Secretary
Thank you, operator, and good morning. Everyone should have access to the company s First Quarter 2021 earnings release and supplemental information. The release and supplemental information can be found in the Investors section of the VICI Properties website at www.VICIProperties.com. Some of our comments today will be forward-looking statements within the meaning of the Federal Securities Laws. Forward-looking statements, which are generally identified by the use of words such as will, believe, expect, should, guidance, intend, p ....

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Lower Prices, More Deals as Convention Hotels Jockey for a Recovery


Lower Prices, More Deals as Convention Hotels Jockey for a Recovery
Conference planners are scheduling in-person events for later in 2021, but many expect the return to pre-pandemic attendance levels to be further down the road.
Investors spent billions of dollars to buy full-service, convention hotels in the first months of 2021. These bigger hotels which typical include restaurants and extensive space suffered dramatically with the collapse of business travel and conferences during the pandemic.
Now, bolstered by the gradual return of in-person events scheduled for the second half of this year, buyers are eying the sector and making bets. The challenge for investors betting on the space is assessing how robust the recovery will be and how long it will take for the convention business to reclaim its pre-pandemic levels. ....

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