Thursday, May 11, 2023
North America

Hyatt to Expand in Upper-Midscale Through Luxury

  • Hyatt Hotels held an Investor Day today. They are forecasting $650 to $850 million of free cash flow by 2025 and will be 80% asset-light for their earnings mix.
  • Effective Thursday, the Board of Directors of Louvre Hotel Group has appointed Federico J. Gonzalez as Group CEO.
  • Hilton announced the signing of a management agreement for the first all-inclusive Curio Collection by Hilton property in the Dominican Republic, the new build Zemi Miches All-Inclusive Resort, Curio Collection by Hilton.

The DJIA was down 222, Nasdaq was up 22, the S&P 500 was down 7% and the 10-year treasury yield was down .05 to 3.40%. Lodging stocks were lower. SLNA traded down to a new low, down another -6% but SOND was down -20% and AHT was down -5%. Hyatt Hotels held an Investor Day today. They are forecasting $650 to $850 […]

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In Today's Issue - North America

Companies

AC Hotels by Marriott, Accor, Aimbridge Hospitality, AIMCO, Airbnb, Ashford Hospitality Trust, Auberge Resorts Collection, Borealis Hotel Group, Candlewood Suites, Countrywide Hospitality, Cronheim Hotel Capital, Curio Collection by Hilton, Cycas, Element, EOS Hospitality, Hilton, Hilton Garden Inn, Hilton Hotels & Resorts, Holiday Inn, Home2 Suites by Hilton, Hotel Indigo, Hyatt Hotels Corporation, IHG Hotels & Resorts, InterContinental, Jin Jiang International, Louvre Hotels Group, LW Hospitality Advisors, Marriott International, Mercure Hotels, OYO Hotels, Radisson Hotel Group, Radisson Individuals, Selina, Service Properties Trust, Six Senses, Sonder Holdings Inc., Sonesta International Hotels Corporation, Sonesta Select, Vignette Collection

Locations

Alabama, Dallas, Dominican Republic, England, France, Italy, Miami, Missouri, Netherlands, New Jersey, Ohio, Texas