Shrugging Off the Fed, Hotels Put Heads in Beds

• voco hotels celebrated 100 properties signed and opened globally. The emerging IHG Hotels & Resorts’ brand reached the milestone in just five years after its first-ever hotel opening.
• Island Hospitality Management announced the company added 14 hotels to its third-party management portfolio during 2022.
• Moxy Williamsburg debuted today as the brand’s first hotel in Brooklyn, New York.

The DJIA fell 575 points, Nasdaq was down 145, the S&P 500 was down 62 points but despite the Fed comments were the reasons for the decline, and there should be no doubt more hikes are on the way, the 10-year treasury yield was down .01 to stay under 4% at 3.98%. Lodging stocks were lower. Island Hospitality Management announced the company added 14 hotels to […]