Marriott and Hilton Stocks Hit Record Highs
Skift Take
Invel Real Estate secured a EUR 65 million UniCredit facility to expand its Yellow Square hybrid-hotel brand across Italian cities. Plus, more hotel deal and development news.
The DJIA surged on Friday with a gain of 869 points while Nasdaq was up 366, the S&P 500 rose 85 points and the 10 year treasury yield was down .06 to 4.25%. Oil prices dropped with all this on the news that the Iran conflict is nearing an end and the Strait of Hormuz was completely open. Of course, social media, over the weekend, gave different accounts. Lodging stocks jumped on the strong market and the belief that inflation would be tamed. MAR and HLT both traded up to new highs while HGV was up 7% and H rose 5% on the day.
Bernstein upped their price target on Marriott to $400 from $393. They maintained their Outperform rating.
Marriott's W Scottsdale, located in the heart of the Entertainment District of Scottsdale, Arizona, announced the renovation of its iconic Living Room, marking a major transformation of the space. The renovation is expected to be completed in late spring 2026. This evolution also introduces a new
