San Francisco Bay Area Sees Hotel Gains
Skift Take
Accor agreed to sell its stake in Essendi, formerly AccorInvest, to a Blackstone-led consortium for up to 975 million euros. Plus, more hotel deal and development news.
In a market that had no idea what to do ahead of a long weekend, the DJIA was down 61, the Nasdaq was up 38, the S&P 500 was up 7, and the 10-year treasury yield was down .01 to 4.31%. Lodging stocks were mixed. SVC was up 8%. AHT traded down to a new low.
In observance of Good Friday/Easter Sunday, there will be no Daily Lodging Report on Sunday, April 5.
B.Riley Securities upped its rating on Service Properties Trust to Buy from Neutral. It lowered its price target to $2 from $2.50. B.Riley was one of the co-managers in the recent $500 million offering.
U.S. hotel performance showed positive year-over-year comparisons, according to February 2026 data from CoStar. February 2026 (percentage change from February 2025): Occupancy: 60.4% (2.3%), ADR: $162.58 (+2.0%), and RevPAR: $98.28 (+4.3%). Among the Top 25 Markets, San Francisco reported the highest increases across the three key performance metrics: oc
