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 […]