Deer Valley Resort Announces Massive Terrain Expansion and Village Development Plan
Skift Take
- -Stock market saw gains: DJIA up 247, Nasdaq up 127, S&P 500 up 29.
- Various hotel reopenings and renovations, including The Hadsten Solvang and The Woodlands Resort.
- New hotel projects and expansions, such as Deer Valley Resort and Canopy by Hilton Cannes.
The DJIA was up 247 points on Friday, while Nasdaq was up 127, the S&P 500 rose 29 points, and the 10-year treasury yield was basically flat at 4.24%. Lodging stocks were modestly higher, with the two movers being SLNA, rising a whole 6 cents, which was 12.5%, and AHT bouncing 5%.
Morgan Stanley upped their price target on CHH to $137 from $127 and SHCO to $6.50 from $6. The rest saw price targets chopped, with PEB down to $11 from $12, SHO to $9 from $10, DRH to $8.50 from $9, XHR to $10 from $11, PK to $13 from $14, and HST to $15 from $15.50.
The Santa Ynez Band of Chumash Indians announced the reopening of The Hadsten Solvang, a boutique hotel in the heart of Solvang, CA. Formerly known as Hadsten House, the hotel has undergone an extensive transformation and has been rebranded as The Hadsten Solvang, Tapestry Collection by Hilton. The extensive renovations of the 74-room hotel encompa
