Al-Bahar Group Boosts Stake in Yotel
Skift Take
The Al-Bahar Group, the majority shareholder of Yotel, has taken an extra 30% stake, raising its total stake in Yotel to more than 95%.
The DJIA was up 235 points today, while the Nasdaq rose 151, the S&P 500 was up 38 points and the 10-year treasury yield was up .04 to 4.20%. Lodging stocks were higher, and the new 52-week lows did not include any of our names trading over $1. The only mover of note was SOND, up 5% on the day. Stocks dropped significantly after hours after Trump's tariff announcement.
STR reported U.S. lodging data for the week ended April 29. U.S. hotel RevPAR was up 7% on an easy comp due to Good Friday/Easter being in March last year versus April this year. Group RevPAR was up 55%.
GFI Hospitality announced the restoration and transition of the former James NoMad Hotel to Hotel Seville NoMad, now part of The Unbound Collection by Hyatt. Located in the heart of New York’s NoMad district, the 348-room hotel introduces re-imagined guestrooms, refreshed interiors, and engaging guest programming. It also features&nbs
