Wednesday, October 4, 2023
North America

Rosewood Hotels & Resorts Expands Branded Residences in High-Demand Markets

  • U.S. hotel industry saw positive growth in RevPAR and rates for the week ending September 30, with Group RevPAR showing significant improvement.
  • Rosewood Hotels & Resorts is expanding its branded residence portfolio especially in Europe.
  • Various hotel projects and developments are underway in different locations, including downtown Springfield, Norfolk, San Antonio, Beaufort, and Las Vegas, with a range of amenities and timelines.

The DJIA rose 127 points while Nasdaq was up 177, the S&P 500 rose 34 points and the 10-year treasury yield was down .07 to 4.74%. Lodging stocks were higher. SOND was up 6%, SHCO and INN were both up 5% on the day. STR reported US lodging data for the week ended September 30. US hotel RevPAR was up 5.4% with rates up 4.6%. Group RevPAR rose 14.6%. According […]