Sunday, February 5, 2023
North America

Hotel Asset Sales Pick Up

  • Jefferies said the looming recession and stabilizing credit market could be positive for the prospects of timeshare, but with a harder landing not off the table, they see stocks trading at rich valuations.
  • Truist said with earnings season about to kick into gear for the lodging sector, they continue to see macro over micro.
  • Park Hotels and Resorts Inc. closed on the sale of the 508-room Hilton Miami Airport, located in Miami, Florida, for $118.25 million.

The DJIA fell 128 points on Friday while Nasdaq was down 194, the S&P 500 fell 43 and the 10-year treasury yield bounced higher by .14 to 3.53%. Lodging stocks were mostly lower. MCG was the mover of note, up 5%. Jefferies said the looming recession and stabilizing credit market could be positive for the prospects of timeshare, but with a harder landing not […]

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In Today's Issue - North America

Companies

Anantara Hotels, Resorts & Spas, Ashford Hospitality Trust, Cobblestone Hotels, Curator Hotel & Resort Collection, Curio Collection by Hilton, Groupe Mach, Hilton Grand Vacations, Hilton Hotels & Resorts, Hyatt Centric, Hyatt Hotels Corporation, IHG Hotels & Resorts, InterContinental, JLL, Kempinski Hotels, Marriott International, Marriott Vacation Club, Mazili Hotel Group, Minor Hotels, Park Hotels and Resorts Inc., Radisson Hotel Group, Radisson Individuals, Ramada, Soho House and Co Inc., Sonesta ES Suites, Sonesta International Hotels Corporation, TownePlace Suites, Travel + Leisure Co., Trinity Real Estate Investments, Truist Securities, Vignette Collection, Wyndham Hotels & Resorts

Locations

Austin, Berlin, California, Cancun, Connecticut, Georgia, Istanbul, London, Miami, Montreal, New York City, Nice, North Carolina, St. Louis, Wisconsin