Las Vegas' Gold Spike Hotel Sells for $11.38 Million
Skift Take
The Gold Spike hotel and nightlife complex in Las Vegas has changed hands. Plus, more hotel deal and development news.
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The DJIA was up 148, but the Nasdaq took a 1.3% tumble, down 351 points, while the S&P 500 fell 28. The 10-year treasury yield was up .06 to 4.51%. The lodging REITs dominated again with new highs by CLDT, INN, RLJ, XHR, HST, APLE, RHP, DRH, and SHO.
Truist said that for the week of June 13, the markets that had World Cup matches showed strong RevPAR growth with Los Angeles up +35%, Boston +24%, NYC/NJ+38%, and San Francisco/Bay Area +50.3%, all year over year. The Lodging REITs involved in these markets and seeing benefits include DiamondRock Hospitality, RLJ, Host Hotels, Pebblebrook, Sunstone Hotels, and Park Hotels.
Springhill Suites Dayton Vandalia, owned by Witness Investments and managed by Ivy Hospitality, has completed a comprehensive multi-million-dollar renovation of its 91-suite property in Dayton, Ohio. The transformation updated every part of the hotel, including guest suites, the lobby, corridors, meeting rooms, fitness center, and
