Boston May Get 15-Story Hotel Near Convention Center
Skift Take
There's a proposed 15-story hotel that may be built next to the Boston Convention and Exhibition Center.
The DJIA rose 418 points while the Nasdaq was down another 24, the S&P 500 rose 31 points, and the 10-year treasury yield was down .01 to 4.25%. Lodging stocks were mixed. REITs still had a long list of new lows, but the good news is we finally saw some buying, with most finishing nicely off their lows. The 52-week low list included PK, RLJ, CLDT, SHO, RHP, PEB, HST, HXR, and APLE. If you have the confidence that these companies can maintain their dividends, there are some very juicy yields in the lodging REITs as well as in the Preferred securities.
Jacobs Real Estate Advisors celebrated the grand reopening of the Holiday Inn Express in Pell City, Alabama, after a full-scale renovation.
Dimension Hospitality expanded its portfolio by welcoming the Homewood Suites by Hilton Mobile Airport-University located in Mobile, Alabama. The property boasts 86 guestrooms, versatile meeting space, and an outdoor
