Hyatt's Grand Ambitions for 2023
Skift Take
- Lodging stocks were higher. SLNA topped the list with a 10% gain followed by AHT and VCSA, both up 6%.
- We start today’s newsletter on a sad note as many of you probably heard that Bruce White, the founder and chairman of White Lodging, passed away at the age of 70.
- Pebblebrook Hotel Trust gave a January operations update and include an update on 4Q preliminary results. Remember they roiled the Lodging REIT stocks when they preannounced weaker than expected 4Q results.
The DJIA rose 331 points on Friday while Nasdaq was up 288, the S&P 500 rose 74 points and the 10 year treasury yield was up .09 to 3.48%. Lodging stocks were higher. SLNA topped the list with a 10% gain followed by AHT and VCSA, both up 6%.
We start today’s newsletter on a sad note as many of you probably heard that Bruce White, the founder and chairman of White Lodging, passed away at the age of 70. If you get a chance, try to read some of the tributes/quotes from various lodging icons. They really tell the story of what an icon he was and the respect so many people had for him. Our condolences to the White family and everyone at White Lodging.
Pebblebrook Hotel Trust gave a January operations update and include an update on 4Q preliminary results. Remember they roiled the Lodging REIT stocks when they preannounced weaker than expected 4Q results. The 4Q results seemed a little ah
