Hyatt Plans 30+ Properties in the Americas
Skift Take
- B of A Securities gives IHG Hotels & Resorts a Buy rating. Sonder announces a 1-for-20 reverse stock split.
- Hyatt plans to expand with over 30 new hotels in the Americas by 2025, emphasizing luxury, resort, and lifestyle rooms.
- Miraval Resorts unveils its spa after a $60 million renovation. Raffles Boston and The Fontainebleau Las Vegas announce their openings.
The DJIA fell 107 points, the Nasdaq was down 32, the S&P 500 fell 10 points, and the 10-year treasury yield was up .05 to 4.37%. Lodging stocks were lower on the day. Sonder announced its reverse split.
Interested in attending the Skift Global Forum in NYC September 26-28? As a Daily Lodging Report subscriber, you receive 15%-off full-price tickets. Register here. (You must be logged into your account for code to apply.)
B of A Securities reinstated coverage of IHG Hotels & Resorts with a Buy rating.
Sonder announced Tuesday that it’s 1-for-20 reverse stock split would become legally effective after market close Wednesday, and that its shares would start trading on that basis Thursday morning, Skift reported.
Mission Hill Hospitality acquired the 129-key Residence Inn by Marriott in Breckenridge, Colorado. The hotel offers 1,700 square feet of flex
