Hotel Equities Adds 13 Texas Hotels
Skift Take
Hotel Equities will manage 13 TAJ Hospitality hotels in Lubbock, Texas, expanding its Texas portfolio to 29 properties across the state. Plus, more hotel deal and development news.
The DJIA fell 42 points while the Nasdaq was down 238, the S&P 500 fell 37 points, and the 10-year treasury yield was down .03 to 4.14%. Lodging stocks were lower. AHT rebounded 8% on the day.
Goldman Sachs reinstated coverage on Hyatt Hotels with a Buy rating and $198 price target.
STR reported U.S. lodging data for the week ending 1/10. U.S. hotel RevPAR was down 3.3%. Occupancy was down 2.4%. Group RevPAR was down 11.1%
Motto by Hilton Nashville Downtown opened this month in Music City. Managed by Chartwell Hospitality and owned by Apple Hospitality REIT, Inc., the 13-story hotel offers 260 guestrooms, a fitness center, flexible meeting space, a common area with an outdoor patio, and a ground-level coffee shop and bar.Hotel Equities has been selected to manage 13 hotels owned by TAJ Hospitalityacross Lubbock, Texas, bringing HE’s portfol
