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North America

Vegas Strip Operators Accused of Price Colluding 

The DJIA rose 206 points while Nasdaq was up 199, the S&P rose 44 points and the 10 year treasury yield was up .03 to 3.49%. Lodging stocks were modestly higher. The biggest movers included ABNB and SOHO both rising 5% while SOND was down -6% on the day. Hotel Asset Value Enhancement gave their findings of the ALIS conference. Attendees believe the frustrating transaction market will change in the […]

January 26th, 2023

North America

Hard Rock International Nears Completion of Mirage Hotel Acquisition

The DJIA rose 92 points, Nasdaq was up a point, the S&P 500 was up 4 points and the 10-year treasury yield jumped another .10 to 3.68%. Lodging stocks were modestly higher. VCSA traded down to a new low while MCG was down -6%. Aloft Hotels announced it has arrived in Playa del Carmen, Mexico, marking the third Aloft hotel in the Caribbean region. Aloft Playa […]

December 20th, 2022

North America

Selina Plunges on Second Trading Day

The DJIA surged 829 points on Friday while Nasdaq was up 310, the S&P 500 rose 94 points and the 10-year treasury yield was up .07 to 4.01%. While lodging stocks were higher, the action in Selina on Friday was just as ridiculous as on Thursday but in the other direction. SLNA plunged -63% on Friday after Thursday’s moonshot on its first day of trading. […]

October 30th, 2022

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