Magnuson Hotels Creators to Launch New Soft Brand
Skift Take
A soft brand for independent hoteliers, Mayfield, will launch from the creators of Magnuson Hotels. Plus more hotel deal and development news.
The DJIA rose another 197 while the Nasdaq was up 81, the S&P 500 was up 18, and the 10-year treasury yield was up .03 to 4.07%. Lodging stocks were modestly lower again.
Citigroup cut its rating on Park Hotels & Resorts to Neutral from Buy. They lowered their target price to $12 from $13.
Hawkins Way Capital, in partnership with Battery Global Advisors, announced that the Sheraton Boston has completed a $100 million renovation, aligning with the hotel’s 60th anniversary. Situated in the heart of Boston’s Back Bay, the hotel features modern guestrooms and suites and introduces new dining and lifestyle experiences, a refreshed pool deck with cabanas, a retractable roof, and an outdoor sundeck. In addition, the hotel has 70,000 square feet of re-imagined meeting and event space.
Hospitality Lodging Systems has become the exclusive franchise and management firm for the Live in Lodge extended stay brand, effe