Hilton's Names its New Extended Stay Brand
Skift Take
Hilton announced LivSmart Studios by Hilton is the official name of its new studio apartment-style, extended-stay hotel brand. LivSmart Studios already has more that 350 deals in various stages of negotiation.
The DJIA fell 158 points while Nasdaq was up 14, the S&P 500 fell 7 points and the 10-year treasury yield was up .02 to 4.02%. Lodging stocks were pretty much lower across the board but not with extreme moves.
BMO Capital initiated coverage on Airbnb with a Market Perform rating. They set their target price at $134.
Concord Hospitality received investments into its operating company from Whitman Peterson and The Aztec Group, two of Concord’s long-term real-estate partners. These stakeholders will continue to play integral roles in Concord’s ongoing success, further solidifying its sold foundation in the ever-evolving hospitality industry.
Starwood Real Estate Investment Trust has sold the Residence Inn Tampa Westshore/Airport, near International Plaza, on December 27th. The price recorded in Hillsborough County property records was $34.48 million but that usually does not reflect the entire price. Starwood bought the 160 key hotel in 2019 for $
