Many Would-Be Hotel Buyers Are in a Wait-and-See Mode
The latest CBRE U.S. Hotels State of the Union report reveals a modest recovery in hotel performance, plus more hotel development news from Peachtree and other leaders.
Avison Young Hospitality Group
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.
Kim Woinski and Alan Woinski |
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 |