Hyatt Unveils Plans for New Brand Hyatt Select
Hyatt announced Hyatt Select, a new upper-midscale brand, and celebrated the opening of its first Hyatt Studios location.
Vector Hospitality, Inc.
Vancouver's Occupancy Levels Lead Canadian Rivals
Hotel industry updates: Canadian hotel RevPAR exceeds C$100 for third consecutive month, with Manitoba and Vancouver leading in occupancy rates.
Renovations and expansions: Knoxville, Tennessee plans to add 350 hotel rooms, while a $12 million extended-stay hotel is set to open in Maryland Heights, Missouri.
Company announcements: Hyatt Place Melbourne Airport opens in Florida, while LVMH scraps luxury hotel plans in Beverly Hills.
Airbnb Given an Outperform Rating
Bernstein initiated coverage on Airbnb with an Outperform rating and $143 price target.
B of A Securities cut their rating on Membership Collective to Underperform from Buy. They lowered their price target to $4 from $12.
Service Properties Trust announced it amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.