Wednesday, November 1, 2023
North America

Hilton and Hallmark Launch Christmas-Themed Partnership

  • Hilton Worldwide Holdings Inc has entered into a partnership with Hallmark Channel to create Christmas-themed suites inspired by Hallmark’s “Countdown to Christmas” movies.
  • The Waldorf Astoria Las Vegas has completed phase one of a multimillion-dollar property-wide transformation. This includes a redesign of all 389 guestrooms and suites and upgrades to meeting and event spaces.
  • Margaritaville Resort Lake Tahoe, located in South Lake Tahoe, California, has announced its December 14th opening date. The transformation of the former Lake Tahoe Resort Hotel into a Margaritaville property cost over $70 million.

The DJIA was up 222 points, Nasdaq was up 210, the S&P 500 rose 44 points and the 10-year treasury yield was down .09 to 4.79%. Lodging stocks were mixed. HGV and CHH traded down to new lows. AHT was down -5%. Xenia Hotels & Resorts reported an inline quarter. They slightly reduced their 4Q outlook. XHR repurchased 2.1 million common shares in the quarter […]