W New York Union Square Reopens After $100 Million Renovation


Skift Take

W New York Union Square reopened following a $100 million re-imagination of its 256 rooms and facilities. Plus other hotel deal and development news.

The DJIA fell 220 points on Friday, while the Nasdaq was down 7, the S&P 500 fell 21 points, and the yield on the 10-year treasury fell .09 to 4.09%. Lodging stocks were modestly lower.

Truist upped its target price on RLJ Lodging Truist to $8 from $7 while maintaining its Hold rating. While they had positive commentary on their Nashville acquisition, now converted Bankers Alley (Hilton's Tapestry Collection), Truist warned that many of the macro challenges remain in the near term for RLJ. That includes government-related demand, especially in the DC metro area, temporary closure of the Austin, TX Convention Center, tough 3Q comps and only a modest number of hotels catering heavily to in-house group demand.

Courtyard by Marriott San Diego Little Italy is set to finish a renovation project in mid-September. Formerly a DoubleTree by Hilton, the 23-story hotel with 334 guestrooms has been op