IHG and RUI Announce Plans for Yucatan Peninsula

• Lodging stocks were mixed. AINC was up 5% while the biggest mover was to the downside with VCSA falling -14%.
• Morgan Stanley lowered their price target on Airbnb to $105 from $125. MS maintained their Equal Weight rating.
• Xenia Hotels & Resorts sold the 115-room Celebration Hotel to Vision Hospitality Group.

The DJIA was up 418 points while Nasdaq was up 93, the S&P 500 was up 45 points while the 10 year treasury yield was up another .02 to 4.23%. Lodging stocks were mixed. AINC was up 5% while the biggest mover was to the downside with VCSA falling -14%. Morgan Stanley lowered their price target on Airbnb to $105 from $125. MS maintained their Equal […]