Standard International Expands Its International Ambitions

• Either investors did not like Membership Collective Group’s earnings report, their management changes or both but the stock got crushed today, down -19%.
• STR reported US lodging data for the week ended 11/12. US RevPAR was up 19.4%, year over year.
• The Development Review Committee for Pompano Beach, Florida, is considering the site plan for a 1.1-acre property for which MHG Hotels proposed a Homewood Suites by Hilton hotel.

The DJIA fell 39 points while Nasdaq was down 175, the S&P 500 fell 33 points and the 10 year treasury yield was down .11 to 3.69%. Either investors did not like Membership Collective Group’s earnings report, their management changes or both but the stock got crushed today, down -19%. Lodging stocks were modestly lower on the day with the only other mover of note […]