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.