Wednesday, January 4, 2023
North America

Hotel Purchases and Development Heat Up in Early January

  • The DJIA rose 133 points while Nasdaq was up 72, the S&P 500 was up 29 points and the 10 year treasury yield was down .08 to 3.71%.
  • Canada’s hotel performance came in lower than the month prior but showed improved comparisons to 2019, according to STR ‘s November 2022 data.
  • Kolter Urban is planning to build a Ritz-Carlton Hotel Residences in Sarasota Bay, Florida.

The DJIA rose 133 points while Nasdaq was up 72, the S&P 500 was up 29 points and the 10 year treasury yield was down .08 to 3.71%. Lodging stocks were higher. VCSA was up 13% to lead the group while SOND was up 6% and ABNB rose 5% on the day. Canada’s hotel performance came in lower than the month prior but showed […]

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In Today's Issue - North America

Companies

Accor, Arnold Companies, Cambria Hotels, Chartwell Hospitality, Choice Hotels International, Coast Hotels Limited, Crescent Hotels & Resorts, Davidson Hospitality Group, Fairfield Inn & Suites, Hilton Hotels & Resorts, Holiday Inn, Holiday Inn Express, Home2 Suites by Hilton, Homewood Suites by Hilton, Hyatt Centric, Hyatt House, Hyatt Place, IHG Hotels & Resorts, Island Hospitality Management, Marriott International, Omni Hotels & Resorts, Orient Express, Raffles, Ritz-Carlton, Sonesta Essential, Sonesta International Hotels Corporation, SpringHill Suites, The James, The LCP Group, The Seminole Tribe of Florida, Tribute Portfolio

Locations

Alberta, Arizona, Canada, Colorado, Connecticut, Edmonton, Florida, Iceland, Iowa, Las Vegas, Manchester, Memphis, Netherlands, New York City, Pennsylvania, Phoenix, Portugal, South Carolina, Vancouver