Concord Hospitality Prepares to Expand in 2023

• Choice Hotels International announced the board of directors approved a 21% increase in the quarterly cash dividend on their common stock.
• Concord Hospitality is preparing for a year of expansion in 2023 as the company recounts 2022 milestones and projects significant growth for the year ahead.
• AC Hotels by Marriott has opened its newest property in St. Petersburg, Florida, AC Hotel by Marriott St. Petersburg Downtown.

The stock indexes finally found their way higher with the DJIA up 342 points, Nasdaq up 84, the S&P 500 rose 30 points while the 10-year treasury yield broke through 4% to close up .08 at 4.07%. Lodging stocks were mixed. Earnings from SOHO had a positive response, up 5%. Earnings from SLNA and SOND had the opposite effect with SOND now a penny […]