Thursday, May 25, 2023
North America

Wyndham’s Stock Strength Continues

  • Stock market performance: DJIA and lodging stocks showed mixed results, while Nasdaq and S&P 500 experienced gains.
  • Hotel openings and renovations: New hotels and renovated properties were announced by various companies, including Wyndham Hotels, Hyatt Hotels, Candlewood Suites, and Knott’s Berry Farm Hotel.
  • Business updates: Remington Hotels promoted Keith Oltchick to Chief Development Officer, Hunter Hotel Advisors facilitated the sale of Hilton-branded assets, and Wyndham Hotels completed the refinancing of its Senior Secured Term Loan B Facility. Additionally, Mandarin Oriental revealed plans for a new hotel and residences in Athens, Greece.

The DJIA fell another 35 points but Nasdaq bounced, up 214 while the S&P 500was up 36 points. The 10-year treasury yield was up .10 to 3.81%. It may as well just get to 4% because we all know it is going to threaten that any day now. Lodging stocks were mixed. SLNA and VCSA were the Bobbsey Twins today, both down […]