Four Seasons Expands Portfolio of Luxury Private Residences
Skift Take
Four Seasons Resort Vail is launching Tavernetta Vail in Winter 2024 as part of a series of upgrades, while the company expands its global luxury residential portfolio with significant growth and new leadership.
The DJIA fell 159 points while Nasdaq was down 199, the S&P 500 fell 34 points and the 10-year treasury yield was up .01 to 3.84%. Lodging stocks were lower. SOND and VCSA were the big movers, down -12% and -8% respectively.
Jefferies upped their price target on Hyatt Hotels to $152 from $132. They maintained their Hold rating.
STR reported US lodging data for the week ended 8/24. U.S. hotel RevPAR rose 4.5% year over year with Chicago (DNC Convention) leading with a 51% jump. Group RevPAR was up 10.1%.
Singapore-based Collective Hospitality announced the acquisition of the majority of the business of Selina Hospitality PLC, a company that is in administration. Collective Hospitality said with this transaction, it is now one of the largest lifestyle hospitality owners/operators in the world. Selina's board approved FTI Consulting LLP as the company's
