Marriott Opens First City Express Hotel in the U.S.
Skift Take
Marriott International is set to make an entry into the U.S. midscale hotel segment.
The DJIA rose 383 points while Nasdaq was up 247, the S&P 500 was up 61 points, and the 10-year treasury yield was down .03 to 4.26%. Lodging stocks were higher. SVC surged 20%, SHCO bounced back 9% and is now midpoint back to where it was before the takeover offer was disclosed and what the go-private price is. HGV was up 5% on the day.
It is hard to really pinpoint if some in the industry are trying to convince themselves and others or if they really believe that business is not going to be affected by the global and economic turmoil we are seeing. It seemed like you could easily find those who shared your views at the Hunter Hotel Investment Conference, whether you were positive, concerned, or just plain negative. Everyone seems to be waiting for the transaction market to heat up; impacts from tariffs and immigration were the other talking points. We’ll just say that, to be safe, the outlook right now i
