Playa Hotels Says Demand Is Strong

• The DJIA was up 36 points, Nasdaq was down 116, the S&P 500 fell 24 points and the 10 year treasury yield is knocking on the door of 4%, up .05 to 3.94%.
• Truist Securities reported on investor meetings they held with Playa Hotels & Resorts management. Demand trends were among the most discussed topics but management saying business on the books looks great, reiterating the strength of demand.
• Pacifica Hotels announced the $32.9 million purchase of the Kimpton Hotel Vintage Portland.

The DJIA was up 36 points, Nasdaq was down 116, the S&P 500 fell 24 points and the 10 year treasury yield is knocking on the door of 4%, up .05 to 3.94%. Lodging stocks were modestly lower. SOND was the only big mover, down -7%. Truist Securities reported on investor meetings they held with Playa Hotels & Resorts management. Demand trends were among the most […]