A Hotel in New York City Might Sell for $1 Billion
Skift Take
If Alexico Group wants to sell the Mark Hotel in New York City, it may have a significant offer awaiting. Plus other hotel development news.
Ater a couple of days of calm, the storm has returned as the DJIA fell 700 points, the Nasdaq plunged 3% or 516 points, the S&P 500 was down 121 or 2.2% and the 10-year treasury yield was down .04 to 4.28%. Lodging stocks were lower. SOND was the only real mover of note, down -5%.
Baird lowered estimates across the board on Hotel REITs, along with price targets. Their updated models reflect the view that U.S. RevPAR growth is tracking at least 300-400 basis points below prior expectations with 2Q25 and 3Q25 expected to be the most negatively impacted.the ma
Truist Securities said vacation ownership companies have far more risk of disruption in their sales operations than do hotel companies, even in normal times. During times of economic weakness, the first weakness seen in customers is at the sales table. Truist said Loan Loss Provision ticking up is always a wildcard with the possibility of LLP charges during times of economic shock. Rentals
