Falcon’s Resorts by Melia

The DJIA fell 392 points but Nasdaq was up 16, the S&P 500 rose 8 points and the 10-year treasury yield was up .02 to 3.54%. Lodging stocks were modestly higher with no major movers. Investment firm Sortis agreed to acquire Ace Group International for $85 million. The all-cash deal will give Sortis the boutique Ace Hotels brand and its hotel management company. Ace currently has about 10 hotels […]

The DJIA fell 172 points while Nasdaq was down 164, the S&P 500 fell 31 points and the 10 year treasury yield was up .07 to 2.89%. Lodging stocks were lower. SOND plunged -26%, while MCG was down -16%, VCSA was down -8% and AHT was down -6%. SOHO was up another 5%. Membership Collective Group shares took it on the chin […]