Monday, September 25, 2023
North America

Hilton Plans to Display Mandatory Fees Upfront

  • Stock markets experienced mixed performance, with DJIA and Nasdaq rising, while S&P 500 increased. Mortgage holders who didn’t lock in rates may regret their decision as the 10-year treasury yield rose.
  • Several lodging stocks had varied results, with SHCO and SLNA showing gains, while AINC rebounded and INN, AHT, and VAC hit new lows. SOND declined.
  • B of A Securities raised the price target for Soho House, Argus Research initiated coverage on Choice Hotels, and Baird discussed Hersha Hospitality Trust’s preliminary proxy statement.

The DJIA rose 43 points, Nasdaq was up 60, the S&P 500 was up 17 points and we told you it would happen, the 10-year treasury yield soared .10 to 4.54%. All those who held out locking in a mortgage are allowed to kick themselves. Lodging stocks were all over the place. SHCO was up 6% and SLNA rose $0.07 which is 24%.  AINC hit a new […]