Hyatt Unveils Plans for Luxury and Lifestyle Expansion
Skift Take
Hyatt Hotels Corporation is expanding its luxury and lifestyle hotel portfolio with over 20 recent and planned openings across the U.S., Canada, Latin America, and the Caribbean through 2025.
The DJIA was up 61 points, Nasdaq rose 26, the S&P 500 was up 16 points and the 10 year treasury yield was up .01 to 3.74%. Lodging stocks were mixed with the big movers to the downside. INN traded up to another new high but AHT was down -9% while SOND and VCSA both fell -7% on the day.
Vision Hospitality Group celebrated a major milestone by topping out the new $57 million Embassy Suites hotel located in the heart of the Riverfront District in Downtown Chattanooga, Tennessee. Once completed, the seven-story, 184-suite hotel will offer 5,000 square feet of meeting and event space, a rooftop restaurant, and 3,000 square feet of ground-floor retail space.
The Sheraton Grand Nashville Downtown, owned by Dreamscape Companies and Centerbridge Partners, announced the completion of a comprehensive property renovation. Managed by Aimbridge Hospitality, the 28-story, 494-room hotel boasts upgrades to nearly 29,000 square feet of
