Wednesday, January 18, 2023
North America

Hotels Change Hands, Brands Enter New Markets

  • Lodging stocks were mostly lower. VCSA was down -12%, SOND was down -8% but MCG was up 5% on a new Buy rating.
  • Northland Capital Markets initiated coverage on Selina Hospitality Group with an Outperform rating and $4.50 target price.
  • The scheduled auction of the downtown Hilton Hotel Minneapolis, previously slated for Friday, has been postponed.

The DJIA fell 614 points while Nasdaq was down 138 and the S&P 500 was down 62 points. The 10 year treasury yield was down .16 to 3.38%, a drop of more than 4.5% on the yield. Lodging stocks were mostly lower. VCSA was down -12%, SOND was down -8% but MCG was up 5% on the Buy rating below. Roth initiated coverage on Membership Collective […]

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In Today's Issue - North America

Companies

Caesars Entertainment, CBL Properties, Choice Hotels International, Coast Hotels Limited, Driftwood Capital, Element, Embassy Suites by Hilton, HEI Hotels & Resorts, Hilton, Hilton Hotels & Resorts, Holiday Inn Express, Homewood Suites by Hilton, Hotel Indigo, Hyatt Hotels Corporation, IHG Hotels & Resorts, JLL, Kimpton, Marcus Hotels & Resorts, Marriott International, Minor Hotels, NH Hotels, Paramount Lodging, Park Inn by Radisson, Pineapple Hospitality Company, Prizeotel, Quadrum Development Corporation, Radisson Collection, Radisson Hotel Group, Radisson Individuals, Radisson Red, Sandpiper Lodging Trust, Selina, Soho House and Co Inc., Staybridge Suites, Staypineapple, Tivoli Hotels & Resorts, Vacasa, Vision Hospitality Group, Westin Hotels & Resorts, Wilson Street Hotel Group, Woodspring Suites

Locations

Amsterdam, Charlotte, Maryland, Minneapolis, North Carolina, San Antonio, Scottsdale, St. Louis, Texas, Virginia