North America
REITs Remain Cautious About Corporate Travel
MCG and INN both were up 6% while SVC and SLNA were up 5% each. SOND fell -5% on the day.
Xenia Hotels & Resorts announced its board of directors authorized the repurchase of up to an additional $100 million of the company’s outstanding common shares. With the additional authorization
U.S. lodging REIT management teams did express concerns about cracks in demand forming with technology customers soon after recent layoff announcements.