Thursday, October 12, 2023
North America

Apple Hospitality REIT Adds Key Marriott and Hyatt Properties to Portfolio

  • DJIA fell 174 points, Nasdaq down 85, S&P 500 down 27, and 10-year treasury yield surged to 4.71%.
  • Financial analysis by JP Morgan on Marriott Vacations Worldwide, noting risk factors and a Neutral rating.
  • Acquisitions by Apple Hospitality REIT, renovations of Marriott properties, and promotions at Noble House Hotels & Resorts, KSL Resorts, JLL’s Value and Risk Advisory platform, and Auberge Resorts Collection.

The DJIA fell 174 points while Nasdaq was down 85, the S&P 500 was down 27, and the 10-year treasury yield surged .12 to 4.71%. Lodging stocks were lower but the only real decliner of note was VCSA with an -8% decline. JP Morgan initiated coverage on Marriott Vacations Worldwide with a Neutral rating and […]