Concord Hospitality Prepares to Expand in 2023
Skift Take
- Choice Hotels International announced the board of directors approved a 21% increase in the quarterly cash dividend on their common stock.
- Concord Hospitality is preparing for a year of expansion in 2023 as the company recounts 2022 milestones and projects significant growth for the year ahead.
- AC Hotels by Marriott has opened its newest property in St. Petersburg, Florida, AC Hotel by Marriott St. Petersburg Downtown.
The stock indexes finally found their way higher with the DJIA up 342 points, Nasdaq up 84, the S&P 500 rose 30 points while the 10-year treasury yield broke through 4% to close up .08 at 4.07%. Lodging stocks were mixed. Earnings from SOHO had a positive response, up 5%. Earnings from SLNA and SOND had the opposite effect with SOND now a penny stock, down -13% to a new low and SLNA down -7%, also to a new low. MCG, the only new age name in the group that had been solid the past few weeks, recovered more than half of its morning losses but still ended the day down -6%.
Choice Hotels International announced the board of directors approved a 21% increase in the quarterly cash dividend on their common stock. The quarterly dividend rises to $0.2875 per share from $0.2375.
Concord Hospitality is preparing for a year of expansion in 2023 as the company recounts 2022 milestones and projects significant growth f
