Marriott Pushes Back on Sonder’s Claims Amid Bankruptcy Fallout
Marriott does not agree with the characterizations expressed in a Sonder press release, after Sonder's financial collapse. Plus, hotel deal and development news.
Malibu
First Hospitality Buys 17 Hotels in Hostmark Deal
DJIA, Nasdaq, and S&P 500 all experienced declines while the 10-year treasury yield rose to 4.32%. Lodging stocks had mixed performance.
Truist updated price targets for lodging/hotel group stocks, with several adjustments both up and down.
Various hotels announced renovations, expansions, and new locations, including the Westin Denver Downtown, Hyatt's growth plans, and the EV Evolution Venue Hotel in Tampa and Washington, DC.