Hilton Tops 200 Hotels in Canada
Skift Take
Hilton surpassed 200 hotels in Canada with its most recent openings. Plus more hotel deal and development news.
The DJIA fell 220 points, the Nasdaq was up 7, the S&P 500 was up 19 points, and the 10-year treasury yield was down .04 to 4.03%. Lodging stocks were modestly lower again.
Citi upgraded Hyatt to Buy from Neutral. They upped their price target to $167 from $138.
Wells Fargo lowered their rating on Service Properties Trust to Equal Weight from Overweight. They lowered their price target to $2.50 from $3.
STR reported lodging data for the week ended 9/6. U.S.hotel RevPAR fell 0.7% with occupancy down 0.5% and ADR down 0.2%. Group RevPAR was down 0.7% year over year.
Hilton surpassed 200 hotels in Canada with the most recent openings of: Hotel Vallea Bromont, Tapestry Collection by Hilton, Home2 Suites by Hilton Woodstock ON, and Spark by Hilton Toronto Mississauga. Hilton continues to accelerate its multi-brand expansion in Canada, with more than 100 hotels currently in the development pipelin
