Skyline Investments Sells Courtyard Hotels Across the U.S.
Skyline Investments sold 11 Courtyard by Marriott hotels in the U.S. for $101 million, retaining ownership of three other Courtyard properties, which are up for sale.
Birmingham
Vancouver Leads Canada's Hotel Boom
Canada is seeing a surge of hotel construction in major cities, with Vancouver leading the way in new building applications. It is now seen as the most attractive bet by analysts because it leads the way in hotel profits and occupancy, which was almost 80% in October.
Playa Hotels Says Demand Is Strong
The D JIA was up 36 points, Nasdaq was down 116, the S&P 500 fell 24 points and the 10 year treasury yield is knocking on the door of 4%, up .05 to 3.94%.
Truist Securities reported on investor meetings they held with Playa Hotels & Resorts management. Demand trends were among the most discussed topics but management saying business on the books looks great, reiterating the strength of demand .
Pacifica Hotels announced the $32.9 million purchase of the Kimpton Hotel Vintage Portland .
Equity Markets Make a Dramatic Recovery
The equity markets made a dramatic recovery considering investors in Treasuries gave the Fed a no-confidence raspberry, not liking the comments from one of the Governors today at all.
Finishing touches are wrapping up on the Virgin Hotel, a 28-story tower in Midtown, Manhattan.
K&K Hotel Group is planning to build a new Hampton Inn & Suites in Shenandoah, TX.