Camino Real Plans Major Investments in 6 Mexico Properties
Skift Take
The Camino Real hotel chain plans to spend three billion pesos on remodeling and technology upgrades at its properties across several cities in Mexico.
The DJIA took another tumble Friday, down another 476 points while the Nasdaq was down 267, the S&P 500 fell 76 points but the 10-year treasury yield finally was hit with gravity, down .08 to 4.50%. Lodging stocks were lower but the only real mover was to the upside with SOND up 21%. New lows were hit by SOHO and VCSA.
RC Nashville Development Partners LLC has foreclosed on the 1.21-acre site on Korean Veterans Boulevard in Nashville, Tennessee. The site's lender, R Squared Properties LLC, gained ownership of the property at a foreclosure sale. The company purchased the land for $35 million through a credit bid, which allows a lender to bid the amount they are owed on a property. R Square Properties was the highest and best bidder. The downtown property was slated for a Ritz-Carlton hotel of which the status remains unclear.
Canalta Hotels announced the opening of Moxy Banff in
