Great Wolf Opening Largest Property to Date in Maryland
Skift Take
- Lodging stocks were higher. ABNB led the group with a 7% rise while MCG was up 5%.
- Raymond James upped their price target on Hilton to $165 from $150. They maintained their Outperform rating.
- Ian Schrager and Ed Sheetz have stepped in to possibly partner with Chetrit Group, to rescue its landmark Bossert Hotel, located in Brooklyn Heights, New York.
The DJIA rose 377 while Nasdaq was up 158, the S&P 500 rose 43 points and the 10-year treasury yield was down .03 to 3.72%. Lodging stocks were higher. ABNB led the group with a 7% rise while MCG was up 5%.
Raymond James upped their price target on Hilton to $165 from $150. They maintained their Outperform rating.
TownePlace Suites by Marriott is developing at least two area hotels. Clay Town Center, in Middleburg, Florida, is adding a five-story TownePlace Suites by Marriott. Construction will start in the second quarter of 2023 with an estimated opening in late summer of 2024. The hotel will feature 126 rooms, a pool, fitness center, indoor-outdoor dining, barbecue grills, a lakefront fire pit, a convenience store and guest laundry facility. The hotel is a partnership between Clay Town Center Hospitality and Kellogg & Kimsey Inc. The City of Jacksonville is reviewing a permit application for a three-story TownePlace Suites by Marriott on Mayport Road. The developer of the 93-unit, $7.9 million project is Neptune Beach Lodging LLC, an affiliate of Shivam Property Management LLC.
HEI Hotels & Resorts assumed management of the 270-room Hyatt Regency Boston Harbor Hotel in Boston, Massachusetts. Owned by Pebblebrook Hotel Trust, the Hyatt Regency boasts over 20,000 square feet of meeting space, a restaurant, lobby lounge, a Grab & Go, and an outdoor patio.
Twenty-Four Seven Hotels announced the grand opening of the Hyatt House Sacramento/Midtown, in Sacramento, California. The adaptive reuse project, owned and developed by Hume Development, Inc. offers 128 guestrooms, a
