Four Seasons Hotel and Condos Coming to Telluride
Skift Take
- STR reported US lodging data for the week ended December 30. RevPAR was down -9.7% led by a -7.1% decline in occupancy.
- Speculators are questioning whether everyone is thinking the Fed is going to cut interest rates more than they really will.
- Real estate developers Fort Partners and Merrimac Ventures are building a Four Seasons hotel and condo resort in Telluride, Colorado.
The DJIA was up 10 points but Nasdaq had their third rough day in a row, down another 82 points while the S&P 500 was down 16. The 10-year treasury yield is really where the action is, down 0.08 today to 3.99%. It was above 4% this morning as speculators are questioning whether everyone is thinking the Fed is going to cut interest rates more than they really will. That sentiment will change dozens of times over the calendar year. Lodging stocks were mixed on the day.
STR reported U.S. lodging data for the week ended December 30. RevPAR was down -9.7% led by a -7.1% decline in occupancy. Group RevPAR was down -8.8%. The Christmas calendar shift was to blame for the very weak results.
A groundbreaking ceremony was held for a Tru hotel by Hilton in Bristol, Tennessee. The $15.8 million hotel will be located at 51 Centre Point Drive and is set to open in late fall.
A new Westin Hotel is coming to&nbs
