Some takeaways from Truist include that the hotel transaction market is finally showing actual signs of thawing, instead of being talked about. Plus, more hotel deal and development news.
Waterford Hotel Group and Maverick Hotels & Restaurants have merged in a strategic partnership. Together, they have 50 hotels. Plus, more hotel development stories.
Lodging stocks fall; Starwood modifies loan; Quadrum explores Arlo Hotels sale; and Holiday travelers plan to cut spending 18% and take fewer trips as financial concerns rise, Deloitte survey finds, including high-income Americans.
The DJIA rose 49 points while the Nasdaq set yet another record, up 208, while the S&P 500 rose 31 points. The 10-year treasury yield was down .03 to 4.03%. Lodging stocks were modestly higher.The Hospitality Asset…
Recent openings in Hong Kong, Qingdao, and Osaka have seen Hilton surpass 160 trading hotels across its luxury and lifestyle categories in Asia Pacific. (Minus one that got torched in Kathmandu and needs repairs.) Plus, more hotel deal and development news.
Tribe Hotels from Accor has opened its first property in Phuket, Thailand, with the launch of Tribe Phuket Patong. And more hospitality development news.