Morgan Stanley Prefers C-Corps Over Hotel REITs for Strong Growth Outlook
- Morgan Stanley favors C-Corps over hotel REITs for their growth potential and downside protection, while Barclays upgraded Park Hotels and Resorts due to its high dividend yield.
- Choice Hotels missed estimates, and the potential acquisition by Wyndham remains uncertain, with suggestions for possible negotiation tactics.
- Various hotels reported earnings and developments, with openings, auctions, and construction plans in different regions, including California, Texas, and North Carolina.
The DJIA rose 57 points while Nasdaq was up 121, the S&P 500 rose 12 points and the 10 year treasury yield was down .09 to 4.57%. Lodging stocks were kind of all over the place. SHCO traded up to a new high with a 6% rise on the day. SOND was the big percentage winner, up 12% while VCSA rose […]