Crestline Hotels & Resorts

The DJIA was down 17 points, the Nasdaq was down 1% the S&P 500 down .57%, and the 10-year treasury yield was flat at 4.286%. TD Cowen upped its price target on Hilton to $164 from $148 and on Marriott to $215 from $185. It maintained Outperform ratings on both. Data released by the U.S. National Travel and Tourism Office show that in July 2023, international visitors spent nearly […]

The DJIA was down 199 points while Nasdaq was down 148, the S&P 500 fell 31 points, and the 10-year treasury yield was up .02 to 4.29%. Lodging stocks were modestly lower. SHCO traded up to a new high. Truist gave their forward-looking booking and pricing trends for U.S. hotels report, saying they see no signs of any demand slowdown. In fact, they see 4Q23 […]

The DJIA ended down 366 points while Nasdaq was down 113, the S&P 500 fell 35 points and the 10-year treasury yield was up .10 to 4.04%. Was there anyone who really did not think the 10-year was going to avoid going over 4%? The good news in the markets is the DJIA was down over 500 points this morning and recovered somewhat. […]

The DJIA rose 153 points while Nasdaq was up 166, the S&P 500 rose 41 points and the 10-year treasury yield was down .03 to 3.61%. Most people would like all of June to be like this. Lodging stocks were modestly higher. The only mover of note was SLNA, up 6% on the day. Truist issued their May/June RevPAR Monitor. Their latest round of forward-looking […]

The DJIA ended the day and month down 135 points while Nasdaq was down 82, the S&P 500 fell 26 points and the 10-year treasury yield was down .06 to 3.64%. Lodging stocks were mixed again. SOND was up 11%, SLNA was up 6% and everyone else seemed to be up or down 1% to 2%. Piper Sandler cut their price target on Sotherly Hotels to […]

The DJIA rose 525 points, Nasdaq was up 288, the S&P 500 was up 79 points and the 10-year treasury yield jumped .10 to 3.53%. Lodging stocks were modestly higher, with not much of a comeback from yesterday’s sell off. SOND traded down to another all time low. VCSA was up just over a dime, which is 15%. Wyndham Hotels & Resorts received a […]

The DJIA  fell 11 points, Nasdaq was down 4, the S&P 500 was up 4 points and the 10-year treasury yield was down .02 to 3.57% It was a truly mixed market but lodging stocks were more on the plus than minus side today. The biggest mover was SHCO, up 11% but AINC was down -7% to a new low. VCSA traded down […]

The DJIA rose 98 points, Nasdaq was down 52, the S&P 500 was flat, and the 10-year treasury yield was up .06 to 3.43%. Lodging stocks were modestly higher. SLNA was up 6%, but SOND traded down to yet another new all-time low. Craig-Hallum initiated coverage of LuxUrban Hotels with a Buy rating and a $10 price target. A New York hotel union reached a deal with hotel […]

The DJIA ended today down 232 points while Nasdaq was down 11, the S&P 500fell 12 points and the 10-year treasury yield was down .01 to 3.92%. Lodging stocks were modestly lower. SVC traded up to a new high but ended the day in the red. MCG was the big winner, up 7% while INN was down -7% despite earnings that seemed […]

It was a rebound but not much of a rebound after last week’s horrible performance but the DJIA and Nasdaq both rose 72 points, the S&P 500 rose 12 points, the 10 year treasury yield was down .03 to 3.925% and lodging stocks were modestly higher. The biggest surprise of this earnings season is how bullish analysts seem to be coming out of it. They […]