Year-End Hotel News Roundup
Skift Take
- EF Hutton initiated coverage on Selina Hospitality with a Buy rating and $6.50 price target.
- STR reported US lodging data for the week ended 12/24. RevPAR was down -0.2% year over year while down -7.6% versus the same week in 2019.
- Bluegreen Vacation Holdings said they had a total of 3,040,882 shares of Class A Common Stock tendered in their cash tender offer to purchase up to 4.5 million common shares at $25 per share.
Happy New Year! The DJIA eased less than 0.1%. Nasdaq lost 0.8%. The S&P 500dipped 0.4%. The 10-year U.S. Treasury yield declined 0.035 percentage point to 3.791%.
EF Hutton initiated coverage on Selina Hospitality with a Buy rating and $6.50 price target.
STR reported US lodging data for the week ended 12/24. RevPAR was down -0.2% year over year while down -7.6% versus the same week in 2019. Christmas and New Year falling a day later, on a Sunday, is going to mess with the results in a holiday shift due to the timing of school breaks.
Bluegreen Vacation Holdings said they had a total of 3,040,882 shares of Class A Common Stock tendered in their cash tender offer to purchase up to 4.5 million common shares at $25 per share. BVH said they repurchased the shares for a total of $76 million, excluding fees and expenses. The shares to be purchased represent approximately 18.9% of the issu
