Honolulu Is Set to Welcome a 36-Story Hotel Tower
Skift Take
Hilton Hawaiian Village Waikiki Beach Resort's new 36-floor Ala Moana Boulevard Tower will add 515 rooms with construction starting next year. Plus more hotel deal and development news items.
The DJIA was up 124 points, the Nasdaq jumped 209, the S&P 500 rose 32 points, and the 10-year treasury yield continues to rise after the Fed interest rate cut, up another .03 to 4.10%. Lodging stocks were modestly higher. SVC was up 5% on the day.Evercore ISI Group upped its price target on Pebblebrook Hotel Trust to $13 from $12. They maintained their In-Line rating.
STR reported U.S. lodging data for the week ended 9/13. Hotel RevPAR was down 1.7% with ADR flat. Group RevPAR was down 3.4% year over year.
Crescent Hotels & Resorts announced that the JW Marriott Reston Station has opened in Reston, Virginia. The hotel features 248 guestrooms, more than 40,000 square feet of luxury event space, a restaurant, bar, and market.
OTH Hotels Resorts has assumed management of The Virginian Hotel, Curio Collection by Hilton. First opened in 1913, the property underwent an extensive restor
