Sternlicht Revives the Starwood Brand
Photo Credit: A room at the 1 Hotel Brooklyn Bridge Starwood
Skift Take
Barry Sternlicht is set to revive the Starwood brand through his current hotel management company, SH Hotels & Resorts, rebranding it as Starwood from February.
The DJIA, Nasdaq, and S&P 500 was down 141 points on Friday while was down 99, the fell 17 points and the 10-ear treasury yield was down .01 to 4.63%. Lodging stocks were modestly lower. ABNB and SOND were both down -5% on the day.
Barclays is predicting earnings beats across the board for Lodging C-Corps during 4Q earnings season. They expect them to report 3% to 5% RevPAR growth for 4Q. They also expect STR to update their US RevPAR growth outlook at the upcoming ALIS from +1.8% to 2% to 3% growth. Barclays expects large-cap C-Corps to give initial global RevPAR growth guidance in the 2% to 4% area. That being said, Barclays believes the stock performance of the large C-Corps have largely baked in the improving backdrop.
The U.S. hotel industry reported record-high ADR and RevPAR, but the country's growth rate was its lowest since the declines of 2020, according to CoStar's&nbs
