Rosewood Talks Its Global Pipeline
Skift Take
The Rosewood Hotel Group is set to expand its global presence and enhance its portfolio, which currently includes 48 properties across 23 countries, with new openings in Europe, Asia Pacific, the Middle East, and the Americas, alongside growing its residential business.
The DJIA was up 0.61%, Nasdaq was up 1.5%, and the S&P 500 notched its 17th record close of the year while the 10-year Treasury yield ended at 4.154%, its largest one-day gain in a month. Wyndham was up 5.8% over where it was on Monday before Choice Hotels gave up on its merger bid for it. CHH is up 4% since the announcement.
Baird hosted a group investor meeting last week with Hyatt’s management team. While they maintained their Neutral rating following the meeting, Baird raised their price target to $160 from $150. Reading through the report, one would be surprised there would be a Neutral rating rather than a Buy since the report was very positive about the meetings and what was discussed.
Rosewood Hotel Group continues to expand its global footprint and evolve its four brands: Rosewood Hotels & Resorts, New World Hotels & Resorts, Asaya, and Carlyle & Co.; and residential
