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BRE Hotels & Resorts

North America

Hotels Spend Big on Renovations and Expansions

The DJIA rose 40 points, Nasdaq was down 13, the S&P 500 was up 3 points, the 10-year treasury yield was up .02 to 3.98% and lodging stocks were mixed. SVC traded up to a new high, SOND jumped 13%, which was only to $1.11, HGV rose 5% but SLNA was down -7% and HT fell -5%. Truist lowered their price target on Park Hotels […]

March 6th, 2023

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