Great Wolf Chooses Maryland for Its Largest Resort
Skift Take
- Stock market performance: DJIA, Nasdaq, and S&P 500 rose while the 10-year treasury yield was down.
- Lodging industry updates: Sonder Holdings downgraded, EF Hutton assumes coverage of Selina Hospitality, Ryman Hospitality Properties acquires JW Marriott San Antonio Hill Country Resort & Spa.
- New hotel developments: Chartwell Hospitality and Rockbridge developing three new hotels, Innisfree Hotels and RREAF Holdings open Fairfield Inn & Suites Pensacola Beach, Great Wolf Resorts opens Great Wolf Lodge Maryland.
The DJIA rose 285 points on Friday while Nasdaq was up 197, the S&P 500 rose 54 points and the 10-year treasury yield was down .04 to 3.82%. Lodging stocks were mixed.
Sonder Holdings was cut to Market Perform from Market Outperform by JMP Securities.
EF Hutton assumed coverage of Selina Hospitality with a Buy rating and $6 price target.
Ryman Hospitality Properties announced it closed on the previously announced acquisition of the JW Marriott San Antonio Hill Country Resort & Spa in San Antonio, TX from Blackstone Real Estate Income Trust, Inc. The JW has 1,002 rooms with 268,000 total square feet of indoor and outdoor meeting and event space. The resort includes a 26,000-square-foot Lantana Spa, eight food and beverage outlets, 9 acre River Bluff water experience and TPC San Antonio, featuring two 18-hole golf courses. The purchase price for the acquisit
