Hotel Acquisitions Cool in Northern California

• The DJIA rose 19 points, Nasdaq was up 27, the S&P 500 was up 10, the 10-year Treasury yield was down .01 to 2.88% and lodging stocks were higher on a calm day in the market.
• B.Riley Securities upped its price target on Ashford Inc to $23 from $19.
• Pebblebrook Hotel Trust said total revenue in July topped pre-pandemic levels for the first time since the onset of the pandemic.

The DJIA rose 19 points, Nasdaq was up 27, the S&P 500 was up 10, the 10-year Treasury yield was down .01 to 2.88% and lodging stocks were higher on a calm day in the market. The two big gainers were anything but calm as the big SOHO machine was up another 9%. SOND was also up 9% on the day. B.Riley Securities upped […]