AI-Powered Hotel Set to Open This Summer in Las Vegas
Skift Take
The world's first AI-powered hotel, Otonomus Hotel, featuring 303 suites and cutting-edge amenities, is set to open in Las Vegas in summer 2025 as Growth Holdings’ debut resort.
The DJIA plunged 650 points, while the Nasdaq was down more than -2.6% or 497 points. The only index that fell more percentage-wise was the Russell 2000. The S&P 500 fell 105 points, but at least mortgage rates will be going down as treasuries have become the safe haven, with the 10-year treasury yield today down another .51 to 4.18%. There was no doubt that the financial markets tanked right after President Trump confirmed that tariffs were indeed going into effect this week. Lodging stocks were lower. SOND was the big loser, down -15%, but it looks like their investors think there is trouble in the going-private transaction for SHCO as the stock dropped -6% and is well below the take-private price again.
Chatham Lodging Trust upped its common dividend by 29%. Their quarterly cash common dividend was raised to $0.09 from $0.07.
A new survey from Atlas Hospitality Group reported that Los Angeles County had the highest number of new hote
