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North America
New York City Leads U.S. With 2022 New Openings
According to the third quarter United States Construction Pipeline Trend Report from Lodging Econometrics , the U.S. market with the largest hotel construction pipeline by projects is Dallas . Despite down markets, lodging stocks were modestly higher even though the two biggest movers were to the downside. BWH Hotel Group announced the launch of a new extended stay brand . -
North America
U.S. Lodging Stocks Are in Safe Mode
Ryman Hospitality Properties became the latest lodging REIT to reinstate something more than a token dividend. CBRE Hotels said they are raising their forecast for hotel performance on the heels of industry gains in Q2 2022 and the expectation of slightly positive GDP growth in 2023. Wolfgramm Capital has acquired the Waldorf Astoria Park City hotel in Park City, UT. The property was acquired off-market and as part of an all-cash deal. -
North America
CBRE Says ADR Will Moderate in Second Half of Year
The equity indexes have really calmed down while treasuries get really volatile. Lodging stocks were higher. AINC was the big mover, up 11%. SMBC Nikko cut its rating on Park Hotels & Resorts to Neutral from Outperform. Its price target is $16. The CBRE Hotels Research State of the Union showcases current demand trends, as well as fundamentals by segment, location type and chain scale.