Melia Announces Plans for First Branded Residences in the U.S.
Skift Take
Melia Hotels International has partnered with Urban Network Capital Group to launch its first U.S. branded residences in Miami. Plus, more hotel deal and development news.
The DJIA fell 301 points, the Nasdaq was down 108, the S&P 500 fell 42 points, and the 10-year treasury yield fell through the 4% range, down .07 to 3.98%. The markets were pressured again by trade war fears with China. Lodging stocks were lower, but SOND blasted off, rising 79% to $1.65 today. AHT and CHH both traded down to new 52-week lows.
Truist and Baird started the ball rolling on earnings previews, ahead of the season for hotel companies beginning next week. Truist said they see third-quarter earnings results in line with consensus/investor expectations for hotel C-Corps and perhaps slightly above for the hotel REITs. Truist believes fourth-quarter guides will be generally as the Street is expecting for hotel C-Corps and will show slight upside vs. consensus for hotel REITs. Hyatt is Truist’s favorite name going into the third-quarter earnings season.
Baird said that the third quarter of 2025 RevPAR trends wer
