Kimpton Unveils Plans for Hawaii 

The DJIA fell 35 points but Nasdaq was up 265, the S&P 500 rose 46 points and the 10 year treasury yield fell .11 to 4.30%. Lodging stocks were higher. SHCO was the big gainer, up 5% but AHT was down -5% to a new low.  

Baird cut their target price on RLJ Lodging Trust to $12 from $13. They maintained their Outperform rating.  

STR reported U.S. lodging data for the week ended 6/8. U.S. hotel RevPAR was up 1.7% for the week, year over year. ADR was up 1.8%. Group RevPAR rose 4.4% for the week.  

RAM Hotels announced the opening of the new 104-room TownePlace Suites by Marriott in Oxford, Alabama.   

According to paperwork recently filed with the Texas Department of Licensing and Regulation, The Ophelia, a Tapestry Hotel by Hilton, is estimating a fall construction date on its $18.5 million project. The scope of the work on the six-story hotel includes building 127 guestrooms, a conference center, a signature restaurant, bar, café, outdoor pool, and a parking lot. Dirt is anticipated to get turned on October 1, with an expected one-year build-out to be completed around September 30, 2025. The Ophelia will be located in Marble Falls, Texas.   

Resolute Road Hospitality announced the addition of the Hilton Garden Inn Missoula to its managed portfolio. The addition of this hotel in Missoula, Montana expands the company’s footprint to seven states across the U.S. The six-story, 146-key Hilton Garden Inn Missoula offers a full-service restaurant, fitness center, indoor pool, onsite casino and bar and 22,000 square feet of versatile meeting space.   

Keystone Hotel Group is planning to build a 117-guestroom Tru by Hilton hotel above a two-story parking garage in Cincinnati, Ohio.  &nb