Armani Seeks to Scale Up Hotel Brand
Skift Take
The Armani Group announced a new joint venture to develop more Armani hotels. Plus, other hotel development news.
The DJIA fell 398 points, the Nasdaq was down 24, the S&P 500 fell 14 points and the 10-year treasury yield was down .02 to 4.17%. Lodging stocks were lower, with AHT leading the decline with a drop of 8%.Deutsche Bank gave its 2026 Hotel REIT Outlook, subsequently upgrading DiamondRock Hotels to Buy from Hold. That gives it five of its seven in coverage with Buy ratings, with only Sunstone Hotels and RLJ at Hold-rated. DB believes the sub-sector is poised to deliver better operational and stock price performance in the year ahead. Its call on DRH is a blend of relative valuation and the apparent availability of company-specific catalysts on the horizon. It also likes DRH’srevamped focus on net free cash flow and outsized exposure to supply-insulated resort markets. Overall in the Hotel REIT sector, DB is calling for Host Hotels to repeat
