Selina Shareholders Prepare for More Dilution
Skift Take
Selina Hospitality's existing shareholders face dilution as Osprey International Limited expedites its $6 million investment, impacting the company's total share structure unfavorably.
The DJIA fell 570 points while Nasdaq was down 325, the S&P 500 fell 80 points and the 10 year treasury yield was up .07 to 4.69%. Lodging stocks were lower on the last day of a rough month of April. AHT traded down to a new low while SOND was down -10% and SHCO fell -7% on the day.
Host Hotels & Resorts is acquiring the 1 Hotel Nashville and adjacent Embassy Suites from a group of owners that includes a Starwood Capital Group affiliate. Bloomberg reported the transaction is valued at more than $500 million but the deal has not yet been made official. The ownership group includes Crescent Real Estate and High Street Real Estate Partners. The group teamed up in 2019 to develop the hotels, in the center of downtown Nashville, across from Music City Center. The 1 Hotel opened in July 2022 and has 215 rooms.
Nexera Capital an
