North America
Lodging Stocks Surge With Broader Market Gains
Let’s go backwards to give you an overview of today’s market. The 10-year treasury yield plunged 0.32 to 3.83%. That is a nearly 8% drop in the yield on a modestly better CPI report.
Vacasa reported 3Q results that went over as well with investors as their weak fourth quarter guidance.
The LWHA Q3 2022 Major U.S. Hotel Sales Survey includes 119 single asset sale transactions over $10 million which totaled roughly $3.7 billion.