Tuesday, May 23, 2023
North America

Choice Is Pursing Wyndham

  • The big news was a rumor with the Wall Street Journal reporting Choice Hotels is making a move to acquire Wyndham Hotels & Resorts.
  • Truist upped their price target on Hyatt Hotels to $149 from $145. This follows H’s Investor Day and the tours of Apple Leisure Group resorts.
  • Pebblebrook Hotel Trust gave their monthly update saying for 2Q23, overall demand and profitability trends continue to remain within expectations.

The DJIA fell 231 points, Nasdaq was down 161, the S&P 500 fell 47 points and the 10-year treasury yield was down .02 to 3.70%. The indexes fell more and more as the day wore on, probably something that will continue until there is movement on how to handle the debt ceiling issue. In the midst of all this, a rumor came out […]