Sonder Announces Reverse Split, Hopes to Stay on Nasdaq

• Sonder Holdings announces a 1 for 20 reverse split to maintain its Nasdaq listing, with Selina also considering a reverse split.
• STR reports US hotel data with a slight increase in US hotel RevPAR but a decrease in Group RevPAR for the week ending 9/16.
• Various hotel acquisitions and developments are underway, including Omni Hotels & Resorts in Raleigh, Travel + Leisure Co.’s sports-themed resorts, Life House in Palm Springs, and more.

If the Fed just issued their statements, we would be so much better off. No rate hike, but then the Fed chief held his press conference and if you bet on the market dropping, you won again. The DJIA fell 77 points but Nasdaq was down 209 while the S&P 500 was down 42 points. The 10-year treasury yield was […]