Omni Hotels Announces Partnership with Luxury Brand Peter Millar
Skift Take
It's Omni Hotels & Resorts' first brand-wide designer collab and Peter Millar's inaugural venture into hospitality. Plus, more hotel industry news.
The DJIA jumped 302 points while the Nasdaq was up 281, the S&P 500 rose 69 points, and the 10-year treasury yield was down .02 to 4.30%. This was definitely not what most people expected the market indexes to do today. Lodging stocks were mixed, with SVC leading the group, up 6% on the day.
Macquarie upped its target price on Marriott International to $350 from $340 and on Hilton to $296 from $295. It maintained its Neutral rating on both.
A new Residence Inn by Marriott has opened in Mount Pleasant, South Carolina. The five-story, 100-room property is located in the Ferry Wharf development on the outskirts of Patriots Point, where another three luxury hotels are slated in a 20-year master plan by the same developer, Michael Bennett, and Bennett Hospitality. The Residence Inn includes an on-site restaurant and bar, flexible meeting and gathering spaces, an outdoor pool, a terra
