Marriott Officially Adds Its 31st Brand City Express

• Marriott International, Inc. said Monday it had completed its acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V.
• A solid beat and raise was repeated over and over again today by analysts when commenting on Park Hotels & Resorts’ earnings report.
• Vacasa Inc. has become the second new-age lodging SPAC to receive notice from Nasdaq that if they don’t get their stock price above $1, they could be delisted.

The DJIA was down 46 points while Nasdaq was down 14, the S&P 500 fell 2 points and the 10-year treasury yield was up .12 to 3.57%. Lodging stocks were mixed. SHCO was up 9% and AHT was up 6% to lead the groups big movers. Marriott International, Inc. said Monday it had completed its acquisition of the City Express brand portfolio from […]