Baird/STR Hotel Stock Index rose 3.2% in April
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HENDERSONVILLE, Tennessee, and MILWAUKEE - The Baird/STR Hotel Stock Index rose 3.2% in April to a level of 5,297. Year to date through the first four months of 2021, the stock index was up 15.8%. Advertisements Hotel stock prices increased in April, but they were relative underperformers on a monthly basis for the third time this year, said Michael Bellisario, senior hotel research analyst and director at Baird. The broader reopening trade has lost some momentum recently as investors continue to rotate into more defensive and value-oriented sectors despite the progress that is being made on the vaccination front and the sequential monthly improvement in hotel fundamentals being realized. The Hotel REITs have outperformed the Hotel Brand stocks each month this year.
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Pebblebrook Hotel Trust Prices Public Offering of 6.375% Series G Cumulative Redeemable Preferred Shares
May 7, 2021 GMT
BETHESDA, Md. (BUSINESS WIRE) May 7, 2021
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on May 6, 2021, it priced an underwritten public offering of 8,000,000 of its 6.375% Series G Cumulative Redeemable Preferred Shares (the “Shares”) at a public offering price of $25.00 per share, for net proceeds of approximately $193.6 million, after deducting the underwriting discount and estimated offering-related expenses payable by the Company. The offering is expected to close on May 13, 2021, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 Shares solely to cover over-allotments, if any.
Travel Outlook Selected As Preferred Call Center Partner For Curator Hotel & Resort Collection
Travel Outlook will Provide the Ultimate Call Booking Experience for Curator Member Hotel Guests
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Curator Hotel & Resort Collection s Logo Curator Hotel & Resort Collection
SANTA FE, New Mexico - Travel Outlook Premium Hotel Call Center announced today that it has been selected as the preferred provider of reservation and guest service calls for Curator Hotel & Resort Collection s ( Curator ) growing roster of member hotels. Through this partnership, Curator hotels can leverage Travel Outlook s high-performing call booking services while also reducing their costs during this highly competitive period for the hospitality industry.
Strategic Solution Partners continues to expand its hospitality consulting division with experts in key fields of human resources, talent acquisition strategy, and revenue strategy that can bring innovation and change solutions to hotel owners, management companies, and restaurants.
Jack Lindemuth is founder of JLL Commercial Strategy Consulting which specializes in maximizing total revenues and profits for independent boutique, luxury hotels, and resorts. He is amongst the few comprehensive commercial strategy leaders whose skillset combines superior business acumen with advanced education from top-tier universities and industry certifications across revenue, sales, and marketing. Prior to consulting, Jack held dynamic revenue strategy leadership roles at Benchmark Resorts & Hotels, Four Seasons Hotels and Resorts, Denihan Hospitality Group, and Kimpton Hotels and Restaurants, where he maintained ownership relations with Pebblebrook Hotel Trust and LaSalle Hotel Properties. Lindemu
Pentagon City mall owners land $450M refinancing deal - Washington Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.