Xenia Projected as Top Performer in 2023

• Baird picked the hotel real-estate investment trust Xenia Hotels & Resorts as their Best Idea for 2023.
• The Wall Street Journal published a very positive article on Hilton, including an interview with CEO Chris Nassetta.
• Pyramid Global Hospitality closed the acquisition of the operating division of Provenance Hotels.

The DJIA fell another 163 points, Nasdaq was down 159, the S&P 500 was down 35 and the 10-year treasury yield went back up quick, up .10 to 3.58%. Lodging stocks were down, nearly across the board. ABNB, SLNA and VCSA all traded down to new 52-week lows. AINC was down -9% on the day and SOND fell -7%. Baird picked the hotel real-estate investment […]