Melia Hotels Announces International Push
Photo Credit: Gran Melia Xian hotel in China. Melia Hotels International
Skift Take
In 2024, the company’s expansion plans include an initial goal of opening more than twenty hotels and continuing to sign as many new projects.
The DJIA jumped 243 points while Nasdaq could only muster a 29 point rise. The S&P 500 was up 26 and the 10 year treasury yield was down .05 to 4.13%. Lodging stocks were higher. MAR and HLT both traded up to new all time highs while BHR and TNL both ended the day up 5%.
Stifel upped their price target on Host Hotels to $21 from $20. They maintained their Buy rating on the stock.
TPG Hotels & Resorts announced the launch of Intera Collection, the firm’s independent, boutique, and soft branded management division dedicated to operating unique, non-branded assets. Properties within the Intera Collection benefit from a fully integrated operations platform with a 24-hour staffed reservation call center and an organizational structure comprised of senior hospitality executives with specialized experience and management acumen within the boutique, independent, and destination segments. Additionally, properties in the Intera Collection will benefit from the f
