Waldorf Astoria Comes to Miami Beach
Skift Take
Hilton and Reuben Brothers announced the signing of a management agreement to transform a premier Miami Beach hotel into Waldorf Astoria Miami Beach. Plus, more hotel development news.
The DJIA was down 131 points, the Nasdaq was down 302, the S&P 500 was down 34 points, and the 10-year treasury yield jumped .05 to 4.53%. It looked like lodging stocks were going to have a good day, but that went south when oil futures jumped more than 5%. Lodging stocks were at best mixed today.
Baird added Choice Hotels as a Bullish Fresh Pick designation. Their near-term earnings estimates on both CHH and Wyndham Hotels & Resorts increased slightly on better RevPAR growth, and they continue to see attractive risk-adjusted return potential for both stocks into the second half of 2026 as Midscale/Economy RevPAR trends improve/stabilize. As for CHH, Baird has a high level of conviction that FCF will continue to inflect positively, communication and disclosure will improve, net unit growth will trend in the right direction, and potential owned asset sales will unlock value.
The Ritz-Carlton, Chicago has completed a multi-million-dollar renovation of its
