Kimpton Unveils Plans for Hawaii
Skift Take
Kimpton Hotels & Restaurants is partnering with Coco Palms Resort to open a luxury resort in Kauai, Hawaii in 2026, featuring 350 accommodations, a coconut grove, spa, pools, and dining options.
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 projec
