Hawaii Gets a Rosewood Luxury Resort
- Stock market decline: DJIA and Nasdaq both down, S&P 500 fell, causing investor anxiety due to rising interest rates.
- Hotel acquisitions and auctions: Apple Hospitality acquires Courtyard by Marriott in Cleveland, Sheraton Bucks County Langhorne hotel up for auction, Holiday Inn in Charleston to become Live Oak in Marriott’s Tribute Portfolio.
- Hotel developments: Hampton Inn & Suites in Manistee near completion, Resorts World Las Vegas opens private members’ club, Virgin Hotel in Dallas changes ownership, Kona Village in Hawaii opens as a Rosewood Resort.
The DJIA ended down 366 points while Nasdaq was down 113, the S&P 500 fell 35 points and the 10-year treasury yield was up .10 to 4.04%. Was there anyone who really did not think the 10-year was going to avoid going over 4%? The good news in the markets is the DJIA was down over 500 points this morning and recovered somewhat. […]