Standard International Expands Its International Ambitions

The DJIA fell 39 points while Nasdaq was down 175, the S&P 500 fell 33 points and the 10 year treasury yield was down .11 to 3.69%. Either investors did not like Membership Collective Group’s earnings report, their management changes or both but the stock got crushed today, down -19%. Lodging stocks were modestly lower on the day with the only other mover of note being VCSA, down -6%.

STR reported US lodging data for the week ended 11/12. US RevPAR was up 19.4%, year over year. When compared with the same week in 2019, RevPAR was up 18%.

The Development Review Committee for Pompano Beach, Florida, is considering the site plan for a 1.1-acre property for which MHG Hotels proposed a Homewood Suites by Hilton hotel. The hotel would feature 163 rooms, a 185-space parking garage, a pool and amenity deck on the fifth floor featuring a fitness center and an activity lawn. The ground level would feature a patio lounge.

Following an extensive top-to-bottom renovation, The Mills House, located in Charleston, South Carolina, is now complete. The property, now a Curio Collection by Hilton Hotel, features fully redesigned guest rooms, new suites, a rooftop bar, pool and two new eateries.

Loop 281 Lodging Group plans to build its sixth local hotel across from Longview High School in Longview, Texas. The total development will consist of a Marriott TownePlace Suites hotel and a location for a future restaurant. The hotel will have an outdoor pool, large fitness center and electric vehicle charging stations. It will be the first Marriott extended stay property on that side of tow