Hilton Grand Vacations to Buy Bluegreen Vacations

• Hilton Grand Vacations is acquiring Bluegreen Vacations for approximately $1.5 billion, expanding its membership base and resort portfolio.
• HEI Hotels & Resorts takes over management of the Renaissance Times Square hotel in New York.
• Hyatt is collaborating with Parks Hospitality Holdings to develop four new properties in Mexico, including the Park Hyatt Cancun and Grand Hyatt Mexico Santa Fe.

The DJIA was up 35 points, Nasdaq was up 41, The S&P 500 rose 8 points and the 10 year treasury yield was up .10 to 4.66%. Lodging stocks were all over the place.  HGV and BVH led the trading with BVH up 107% and HGV down -8%.  VCSA was up 10%, VAC traded down to another new low, AHT was […]