Wednesday, August 2, 2023
North America

Omni Hotels Rolls out a New Identity

  • Xenia Hotels & Resorts reported an in-line to a modest miss result and narrowed guidance. They repurchased common stock in the quarter.
  • Chatham Lodging Trust had a 5% increase in RevPAR year over year and a 5% AFFO rise, with RevPAR down less than -2% from 2019.
  • Several hotels announced new openings, acquisitions, and rebranding, including Omni Hotels & Resorts, Sonesta, Braintree Group, Elise Capital, Hyatt Hotels Corporation, and DiamondRock Hospitality Company.

The DJIA fell 348 points, but Nasdaq was down more than 2% (down 310), while the S&P 500 was down 63 points. The 10-year treasury yield was up .03 to 4.08%. The initial trading when Selina Hospitality completed their SPAC deal was crazy, and today’s action showed they still have a lot of that craziness in their stock. The stock was up more than 50% […]

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In Today's Issue - North America

Companies

Ashford Hospitality Trust, Baywood Hotels, Braemar Hotels & Resorts Inc., Braintree Group, Candlewood Suites, Chatham Lodging Trust, Choice Hotels International, Crescent Hotels & Resorts, Cronheim Hotel Capital, DiamondRock Hospitality Company, DSH Hotel Advisors, Econo Lodge, Elise Capital, Fairfield Inn & Suites, Hampton by Hilton, Hilton Garden Inn, Hilton Hotels & Resorts, Holiday Inn Express, Homewood Suites by Hilton, Hotel Equities, HVS, Hyatt Hotels Corporation, IHG Hotels & Resorts, LXR Hotels & Resorts, Marriott International, ME by Melia, Melia Hotels International, Omni Hotels & Resorts, Peachtree Hospitality Development, Quality Inn, Radisson, Radisson Hotel Group, Rosewood Hotels & Resorts, Selina, Soho House and Co Inc., Sonesta International Hotels Corporation, SpringHill Suites, The Unbound Collection by Hyatt, TownePlace Suites, TPG, Trademark Collection, Wyndham Hotels & Resorts, Xenia Hotels & Resorts, Zel

Locations

Anchorage, Boston, Calgary, California, Colorado, Egypt, Florida, Houston, Indianapolis, Las Vegas, Los Angeles, Maryland, Mexico, Miami, Michigan, Mississippi, Missouri, Nebraska, New York, New York City, Ohio, Pennsylvania, Philadelphia, Phoenix, Texas, Utah, Washington DC, West Virginia