Hilton’s Plans to Double Its Portfolio in Puerto Rico

• Hilton announces plans to double its hotel portfolio in Puerto Rico by 2027, with the addition of seven new properties.
• The expansion will create around 2,100 new jobs and contribute to the island’s economic recovery following the devastation caused by Hurricane Maria in 2017.
• Hilton’s investment in Puerto Rico’s tourism industry is a sign of the company’s confidence in the island’s potential as a destination for both leisure and business travelers.

The DJIA rose 323 points while Nasdaq was up 210, the S&P 500 was up 57 points and the 10 year treasury yield was mostly flat, up enough to push it to 3.57%. Lodging stocks were higher with AINC up 11%, SOND rising 10% and SVC, AHT and HT up 5% each. Raymond James cut their price targets on Summit Hotels and Host Hotels. RJ cut their PT on INN to $8.50 from […]