Shrugging Off the Fed, Hotels Put Heads in Beds
Skift Take
- voco hotels celebrated 100 properties signed and opened globally. The emerging IHG Hotels & Resorts’ brand reached the milestone in just five years after its first-ever hotel opening.
- Island Hospitality Management announced the company added 14 hotels to its third-party management portfolio during 2022.
- Moxy Williamsburg debuted today as the brand’s first hotel in Brooklyn, New York.
The DJIA fell 575 points, Nasdaq was down 145, the S&P 500 was down 62 points but despite the Fed comments were the reasons for the decline, and there should be no doubt more hikes are on the way, the 10-year treasury yield was down .01 to stay under 4% at 3.98%. Lodging stocks were lower.
Island Hospitality Management announced the company added 14 hotels to its third-party management portfolio, as well as opening its third Toasted Barrel restaurant, during 2022. These additions strengthen the company’s presence in multiple markets, including California, Texas, Florida, Colorado, Massachusetts, and Maryland. The company also expanded its relationship with WaterWalk by growing its dedicated management team and helping them grow their unique lodging options that combines the conveniences of a hotel with apartment-style living. Island Hospitality Management looks to build on last year’s momentum a
