Standard International Expands Its International Ambitions
Skift Take
- Either investors did not like Membership Collective Group’s earnings report, their management changes or both but the stock got crushed today, down -19%.
- STR reported US lodging data for the week ended 11/12. US RevPAR was up 19.4%, year over year.
- The Development Review Committee for Pompano Beach, Florida, is considering the site plan for a 1.1-acre property for which MHG Hotels proposed a Homewood Suites by Hilton hotel.
The DJIA fell 39 points while Nasdaq was down 175, the S&P 500 fell 33 points and the 10 year treasury yield was down .11 to 3.69%. Either investors did not like Membership Collective Group’s earnings report, their management changes or both but the stock got crushed today, down -19%. Lodging stocks were modestly lower on the day with the only other mover of note being VCSA, down -6%.
STR reported US lodging data for the week ended 11/12. US RevPAR was up 19.4%, year over year. When compared with the same week in 2019, RevPAR was up 18%.
The Development Review Committee for Pompano Beach, Florida, is considering the site plan for a 1.1-acre property for which MHG Hotels proposed a Homewood Suites by Hilton hotel. The hotel would feature 163 rooms, a 185-space parking garage, a pool and amenity deck on the fifth floor featuring a fitness center and an activity lawn. Th
