Hotel Worker Strikes Resume in Boston
Skift Take
About 400 workers at four Boston hotels began a three-day strike on Thursday. They're seeking higher wages and staffing levels.
The DJIA rose 235 points, the Nasdaq was up 174, and the S&P 500 rose 42 points. The 10-year treasury yield was up .03 to 3.68%. Lodging stocks were higher, with no big movers, but it was a solid day all around. Baird reported on how union hotel workers began striking again in Boston. Unite Here reported the four hotels that they had workers go on strike at include the Dagny, owned by DiamondRock and managed by Aimbridge; W Boston, owned by Pebblebrook, managed by Marriott; the Newbury and Moxy Boston Downtown, both managed by Highgate. Baird said workers at Sunstone Hotel ’s1,190-room Hilton San Diego Bayfront remain on strike. Baird said they have not changed estimates for any companies involved they have coverage on, but the longer these strikes last, the greater the negative financial impact. Hotel News Now also reported that workers went on strike at the Omni New Haven Hotel in New Haven, CT. Developer LRE TR LLC received board approval to cons
