Sonata Hotels

North America

California Hotel Sales Cool Off

The DJIA fell 338 points on Friday while Nasdaq was down 154, the S&P 500 was down 43 points and the 10 year treasury yield was down .07 to 3.19%. After a record-breaking 2021 for hotel sales in California , hotel transaction have cooled off in the state in the first six months of this year. ore and more Baltimore hotels are slated to become apartments . In Downtown Baltimore, at least a half dozen hotels have closed and sold to a new owner within the past two and a half years.