Quality Inn

Morgan Stanley re-launched coverage on the lodging sector, saying they prefer C-Corps over REITs . Truist updated their estimates and price targets on some hotel names in their coverage. According to the NY Daily News, more than 10,000 Airbnb listings for short-term rentals in New York City are likely to disappear when tight new housing rules take effect next year.

The  DJIA  fell 94 points,  Nasdaq  was down 110, the  S&P 500  fell 27 points and the  10-year treasury yield  was up .01 to 3.89%. The parent of  Allegiant Air  said that damage from Hurricane Ian has caused the company to delay the planned opening of a resort north of Fort Myers, FL at Charlotte Harbor. Royal Investments LLC , the developer of a proposed Downtown hotel in  Louisville, KY , is seeking a new tax increment financing district for the project.