Pineapple Hospitality Company

North America

Hotels Change Hands, Brands Enter New Markets

Lodging stocks were mostly lower. VCSA was down -12%, SOND was down -8% but MCG was up 5% on a new Buy rating. Northland Capital Markets initiated coverage on Selina Hospitality Group with an Outperform rating and $4.50 target price. The scheduled auction of the downtown Hilton Hotel Minneapolis , previously slated for Friday, has been postponed.
North America

ClubMed Celebrates Its Birthday With Expansion

Club Med is celebrating its seventy-second birthday as it expands to even more places around the globe. Deutsche Bank gave its first broad-based downward revision to hotel REIT estimates since the travel recovery began in spring 2021. The growing demand for luxury branded residences is stronger than ever, especially in Florida.