Hyatt Appears More Likely to Acquire Playa Hotels
Truist downgraded Playa Hotels & Resorts to Hold, seeing an increased likelihood of a Hyatt acquisition that could boost Hyatt’s share price as PLYA nears its $13 target.
Avison Young Hospitality Group
Bay Area Gets Closer to Welcoming a Margaritaville
The Baird/STR Hotel Stock Index dropped by -2.4% in October, marking the third consecutive monthly decline.
Wells Fargo adjusts price targets for Apple Hospitality and Ryman Hospitality, maintaining Overweight ratings.
Trump Hotels and Irongate reach a buyout agreement for Trump International Hotel, Waikiki, transitioning to Hilton's LXR Hotels & Resorts in 2024.
Alan Woinski and Kim Woinski |
International Arrivals to U.S. in November Increased 61% YoY
Wells Fargo changed price targets on a bunch of hotel names in their coverage.
In November 2022, total non-US resident international visitor volume to the United States increased 61.3% compared to November 2021
According to the Q4 2022 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics, Canada’s total construction pipeline stands at 267 projects/35,758 rooms.
Alan Woinski and Kim Woinski |
DiamondRock Beats Preliminary Results
DiamondRock Hospitality reported 3Q results, beating the preliminary results they announced two weeks ago.
Jefferies cut its rating on Xenia Hotels & Resorts to Hold from Buy.
Lodging stocks were mixed. SLNA plunged another -20%, quickly becoming the biggest disaster in a long line of SPAC disappointments in the past year
Alan Woinski and Kim Woinski |