Prime Group

The DJIA rose 415 points on Friday while Nasdaq was up 208, the S&P 500 rose 58 points and the 10-year treasury yield was down .06 to 3.49%. Lodging stocks were higher. VCSA and AHT both rose 7% while PK, RLJ and SHO rose 5% each. Evermore Partners and New Castle Hotels & Resorts have acquired the Montana Marriott Portfolio – a 105-key AC Hotel by […]

The U.S. Federal Reserve Board raised interest rates by a quarter of a point and the financial markets rallied. Then Fed Chief Jerome Powell held his press conference and the DJIA ended the day down 530 points, Nasdaq was down 190, the S&P 500 fell 66 points but the 10-year treasury yield was down .11 to 3.50%. We can’t tell if the markets genuinely hate […]