Hurricane Ian’s Impact on Florida Hotels

• The DJIA surged 765 points while Nasdaq was up 234, the S&P 500 rose 90 points and the 10 year treasury yield was down .15 to 3.66%.
• Raymond James reported on hotels impacted by Hurricane Ian’s decimation of southwest Florida. While Tampa Bay dodged the bullet, Sarasota all the way down took a hit led by Naples, Fort Myers, Sanibel, Captiva, Boca Grande, Venice and Punta Gorda.
• Aimbridge Hospitality announces its international division, Interstate Hotel & Resorts has launched its new corporate identity, formally debuting as the Aimbridge EMEA division.

The DJIA surged 765 points while Nasdaq was up 234, the S&P 500 rose 90 points and the 10 year treasury yield was down .15 to 3.66%. Lodging stocks were modestly higher. The two big movers were AINC with a gain of 19% and MCG with a drop of -7% to a new low. Raymond James reported on hotels impacted by Hurricane Ian’s decimation of southwest Florida. […]