New Builds, Conversions and Proposals to Start the Year
Skift Take
- The DJIA fell 350 points, Nasdaq was down 154, the S&P 500 fell 45 points and the 10-year treasury yield was up .01 to 3.72%.
- Mizuho cut their price target on Airbnb to $110 from $125. They maintained their Neutral rating on the stock.
- STR reported US lodging data for the week ended 12/31. US hotel RevPAR was up 4.2% year over year while up 35.6% versus the same week in 2019.
The DJIA fell 350 points, Nasdaq was down 154, the S&P 500 fell 45 points and the 10-year treasury yield was up .01 to 3.72%. Lodging stocks were lower. SLNA was one of the few bright spots, up 10%. MCG was down -13%, SOND and AHT both fell -6% and BHR was down -5% on the day.
Mizuho cut their price target on Airbnb to $110 from $125. They maintained their Neutral rating on the stock.
STR reported US lodging data for the week ended 12/31. US hotel RevPAR was up 4.2% year over year while up 35.6% versus the same week in 2019.
Global Hotel Group announced the opening of the converted Ramada Plaza Monroe as the new DoubleTree by Hilton Monroe Township Cranbury in Monroe, New Jersey. The conversion included renovations to the building exterior, all public spaces, 11,000 square feet of meeting and banquet spaces, guest rooms and the restaurant. The 150-room property also off
