Even Hotels Plans 40% Expansion in the U.S. with Revamped Prototype

• Stifel reduced Hyatt Hotels’ target price to $115/share while maintaining a Hold rating.
• Pebblebrook Hotels warned of 3Q impacts due to storms in California and Florida, affecting same property RevPAR.
• U.S. Travel Association reports a federal government shutdown could cost the travel economy up to $140 million/day, causing negative consequences for air travel and travelers’ plans.

The DJIA fell another 107 points Friday while Nasdaq was down 12, the S&P 500 fell 10 points and the 10 year treasury yield was down .04 to 4.44%. SOND traded down to a new all time low after their reverse split and then bounced, ending the day up 11%. AHT and SLNA both traded […]