Barclays and Morgan Stanley both named Hyatt as their most favored lodging stock, while Morgan Stanley downgraded Hilton Grand Vacations. Plus, more hotel deal and development news.
Park Hotels & Resorts sold five non-core properties for $198 million and exited three others on expiring ground leases this year. Plus more hotel deal news.
Kam Sang bought Edition Clocktower for $250 million while Cain acquired Dominick Hotel for $175 million in separate Manhattan deals. Plus, more hotel deal and development news.
Horwath HTL reported New Zealand hotel market grew 10.7% in RevPAR in September, the highest since December 2023. Plus, more hotel deal and development news.