Selina Pushes Properties as Co-Working Spaces
Skift Take
- BMO downgraded PK Hotels & Resorts to Market Perform from Outperform.
- Saudi Arabia’s Public Investment Fund and Cain International have invested $900 million in Aman Group to help accelerate the global expansion of the company.
- Following its new partnership with Fiverr, Selina plans to coax freelancers into its properties and co-working spaces.
The DJIA rose 239, Nasdaq was down -26, the S&P 500 was up 8 points, and the 10 year treasury yield was up .03 to 2.82%. Lodging stocks were modestly higher. SOND was the big winner, up 11%, followed by MCG with a 10% gain. SOHO was up another 9%, AINC rose 6% and VCSA rose another 6% on the day.
BMO downgraded PK Hotels & Resorts to Market Perform from Outperform. They lowered their price target to $18 from $21.
In yesterday’s coverage of B.Riley Securities and Ashford Hospitality Trust, we reversed the price target change. They raised their price target to $12 from $9. We incorrect
