Sunday, July 2, 2023
North America

Great Wolf Chooses Maryland for Its Largest Resort

  • Stock market performance: DJIA, Nasdaq, and S&P 500 rose while the 10-year treasury yield was down.
  • Lodging industry updates: Sonder Holdings downgraded, EF Hutton assumes coverage of Selina Hospitality, Ryman Hospitality Properties acquires JW Marriott San Antonio Hill Country Resort & Spa.
  • New hotel developments: Chartwell Hospitality and Rockbridge developing three new hotels, Innisfree Hotels and RREAF Holdings open Fairfield Inn & Suites Pensacola Beach, Great Wolf Resorts opens Great Wolf Lodge Maryland.

The DJIA rose 285 points on Friday while Nasdaq was up 197, the S&P 500 rose 54 points and the 10-year treasury yield was down .04 to 3.82%. Lodging stocks were mixed. Sonder Holdings was cut to Market Perform from Market Outperform by JMP Securities. EF Hutton assumed coverage of Selina Hospitality with a Buy rating and $6 price target. Ryman Hospitality Properties announced it closed on the […]