City Express

The DJIA fell 159 points while Nasdaq was down 110, and the S&P 500 was down 19. Those end-of-day indexes were a huge improvement from the morning plunge in the markets. MAR, CHH, and IHG hit new highs today, but BHR and SLNA were both down -5% on the day. Both Choice Hotels and IHG reported earnings today, and both hit new 52-week highs, a […]

The DJIA fell 200 points while Nasdaq was down 11, the S&P 500 fell 9 points and the 10-year treasury yield was nearly flat at 3.69%. Lodging stocks were lower despite what seemed like optimism from the NYU show. SOND was down -10% and SHCO was down -6% to top the big movers. Marriott International, Inc. plans to further expand in the affordable midscale […]

The DJIA fell 367 points, a 250-point rebound from the lows, while Nasdaq was down 132, the S&P 500 was down 48 points and the real action is now in the 10-year treasury, down .14 at 3.44%. Lodging stocks were mixed with MAR jumping 5% and bringing a few C-Corps up with them. AHT was down -6%. Marriott International blew away estimates and […]

The DJIA was down 46 points while Nasdaq was down 14, the S&P 500 fell 2 points and the 10-year treasury yield was up .12 to 3.57%. Lodging stocks were mixed. SHCO was up 9% and AHT was up 6% to lead the groups big movers. Marriott International, Inc. said Monday it had completed its acquisition of the City Express brand portfolio from […]

The DJIA ended Friday down 345 points although individual stocks seemed to be down a lot more than the major ones in the indexes. Nasdaq fell 199, the S&P 500was down 57 points and investors surged into treasuries as a safe haven, dropping the yield on the 10-year by .23 to 3.70%. Lodging stocks were lower with the exception of MCG which […]

The DJIA rose 254 points, Nasdaq was up 224, the S&P 500 rose 47 points and the 10 year treasury yield was up .04 to 3.53%. Lodging stocks were higher SOND rose 7%, VCSA was up 6% and SOND and H traded up to a new high. Jefferies gave their ALIS Conference preview saying they anticipate the lodging management teams will provide incremental color on the trajectory […]

The DJIA fell 100 points, Nasdaq was down 92, the S&P 500 was down 25 and the reason for the punch bowl being taken away from the recent rally was the 10 year treasury yield spiking .13 today to 4.13%. Lodging stocks were mixed. STR said US RevPAR was up 26.7% year over year for the week ending 10/15. When compared with the similar […]