Ryman Hospitality Ends Year on High Note
Skift Take
- Yesterday, Pebblebrook Hotel Trust lowered guidance for 4Q results and shook up the industry a bit. Today, Ryman Hospitality did the opposite.
- Lodging stocks were mostly lower with a long list of new lows, many of them REITs. New lows were set by PEB, PK, AHT, SHO, XHR, ABNB and VCSA
- Marriott International announced that long-time executive Stephanie Linnartz is leaving the company, effective February 24, 2023.
The DJIA fell 349 points while Nasdaq was down 233, and the S&P 500 fell 56 points. Amazingly enough, that was a recovery of more than half what the declines were earlier in the day. The 10-year treasury yield was down .02 to 3.67%. Lodging stocks were mostly lower with a long list of new lows, many of them REITs. New lows were set by PEB, PK, AHT (down -6%), SHO, XHR, ABNB and VCSA (down -5%).
Marriott International announced that long-time executive Stephanie Linnartz is leaving the company, effective February 24, 2023. Ms. Linnartz has been appointed President and Chief Executive Officer of Under Armour. Ms. Linnartz, who began her Marriott career in 1997, has worked in a number of capacities over the ensuing 25 years, from finance and business development to revenue management and sales and marketing. Her current position with MAR is President, since 2021.
Yesterday, Pebblebrook Hotel Trust lowered guidance for 4Q results and sho
