hotels

One of the sectors hit hardest during the COVID-19 pandemic was hospitality, which included restaurants and hotels. A member of the U.S. Congress could be betting on the comeback of hotels with a recent investment in an LLC that owns hotels. What Happened: Speaker of the House Nancy Pelosi recently...

The private equity real estate investment platform CrowdStreet has launched a new offering today for Hotel Adeline, a Marriott International Inc (NASDAQ: MAR) Tribute-branded boutique lifestyle hotel just north of popular Old Town Scottsdale, AZ. The sponsor purchased the hotel in 2016 in an off-...

Gaming and lodging stocks took a big hit on Friday following news of the new omicron variant of COVID-19. Despite that, Bank of America analyst Shaun Kelley said Monday there are plenty of gaming and lodging stocks to buy on the dip heading into 2022. Gaming Picks: In the casino space, Kelley...

The delta variant of COVID-19 has delayed the anticipated return to in-office work and business travel, and one analyst said Monday that lodging stocks may continue to underperform. The Analyst: Bank of America analyst Shaun Kelley has downgraded Hyatt Hotels Corporation (NYSE: H) from Neutral to...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Caesars Entertainment Inc. (NASDAQ: CZR) traded at a new 52-week high today of $114.60. Approximately 145,000 shares have changed hands...

Microsoft Corporation (NASDAQ: MSFT) co-founder Bill Gates’ investment firm Cascade Investment LLC is picking up a controlling stake in Four Seasons Hotels and Resorts in a deal that will value the luxury hotel chain at $10 billion including debt, the hotel-chain operator said on...

As a new month opens, “reopening” stocks are finding some new life in spite of growing worries about the Delta variant. Shares of stocks tied to the reopening of the economy, including casinos, restaurants, hotels, and airlines, helped lead overnight gains. Overall, Tuesday’s...

Microsoft Corp (NASDAQ: MSFT) has invested $5 million in SoftBank Group Corp (OTC: SFTBY)-backed Indian hotel aggregator chain Oyo Rooms, TechCrunch reported on Thursday, confirming earlier speculations. What Happened: The fresh funding values Oyo, which allows users to book rooms via their phones...

We started the week with risk-off sentiment and choppy markets. The choppiness could remain until the payrolls number comes out on Friday. But the mood seems to have shifted back toward risk, for now. Wednesday has started out pretty much flat to slightly higher after stock indices were able to...

One of the hottest stocks for retail traders was featured with a CNBC interview Thursday when the CEO of a publicly-traded company thanked Twitter and several prominent traders for helping the company stave off bankruptcy. What Happened: Ashford Hospitality Trust, Inc. (NYSE: AHT) was on...

If last week was all about jobs, this week is all about prices. Considering how much people worry about inflation these days, two key reports should give us a much better idea whether it’s actually a fact on the ground.  Wednesday brings the April consumer price index (CPI), which rose a...

Tilman Fertitta's portfolio of restaurants and casinos is seeing tremendous momentum in recent weeks, even in California and New York, the Landry's CEO said Tuesday on CNBC's "Power Lunch." What Happened: Landry's properties just went through one of the best Spring Break...

The White House expects all adults who want a vaccine against the coronavirus will be able to get one by the end of May and this will "inspire confidence" in travel, Marriott International Inc (NASDAQ: MAR) CEO Tony Capuano said on Fox Business. What Happened: U.S. President Joe...

American Hotel & Lodging Association, in a letter, requested U.S. lawmakers to raise the borrowing threshold for hotels in the Paycheck Protection Program. Hyatt Hotels Corp. (NYSE: H), Marriott International Inc. (NASDAQ: MAR) and InterContinental Hotels Group PLC (NYSE: IHG) are a few members...

Hotel stocks are on a two-day winning streak, and bullish investors with a long-term time frame should pick one name over the others, according to Chantico Global CEO Gina Sanchez. Why Sanchez Likes Hilton The hotel industry is among the hardest hit in the coronavirus pandemic, but this...