Ashford Hospitality Trust

BMO downgraded PK Hotels & Resorts to Market Perform from Outperform. Saudi Arabia’s Public Investment Fund and Cain International have invested $900 million in Aman Group to help accelerate the global expansion of the company. Following its new partnership with Fiverr, Selina plans to coax freelancers into its properties and co-working spaces .

B.Riley maintained its Neutral rating on Ashford Hospitality but lowered its price target from $12 to $9. The Heard on the Street Column from the Wall Street Journal today focused on  business travel , a positive article on how it is back with the potential to be better than ever. A company called CorpHousing Group Inc., which is engaged in the short-term rental of hotel units to guests across major metropolitan cities in the US, priced an IPO of 3,375,000 shares.

The vast majority of lodging company earnings, both REIT and C-Corp , have been very positive, with the REITs being the biggest surprise. Crescent Hotels & Resorts has added The Viv, Anaheim, a Tribute Portfolio Hotel , to its Latitudes: Lifestyle by Crescent collection. Black Creek Mexico announced that Grupo Alojica completed the Westin Resort & Spa acquisition, in Puerto Vallarta , from affiliates of Marriott Vacations Worldwide .