10 Best Hotel Stocks To Buy Now
The hotel industry has been hit the hardest of all the industries affected by COVID-19, resulting in historically low occupancy, significant job losses, and hotel closures across the globe. According to the American Hotel and Lodging Association, the effect of the pandemic has been nine times that of 9/11 after leisure and travel activities were forcefully halted in early 2020.
Hotel
sales in the United States dropped by nearly half in 2020, to $84.6 billion, from $168 billion prior to the pandemic. Room revenue is expected to start recovering in 2022, projected to reach $144 billion. Demand will not return to pre-COVID-19 levels until 2023, according to data intelligence firm STR, with average daily rates (ADR) and revenue per available room (RevPAR) not expected to hit 2019 levels until at least 2024.
Why Did Extended Stay America Settle for a Lowball $6 Billion Takeover Bid? skift.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skift.com Daily Mail and Mail on Sunday newspapers.
Two Extended Stay Directors Opposed Blackstone, Starwood Deal Extended Stay disclosed in a regulatory filing that two of the company’s own directors opposed the deal with Blackstone. Bloomberg | Apr 14, 2021
(Bloomberg) It turns out it’s not just some of Extended Stay America Inc.’s top shareholders who oppose its proposed $6 billion takeover. Two of the company’s own directors are against it as well.
Extended Stay disclosed in a regulatory filing late Tuesday that while the majority of the board approved the deal with Blackstone Group Inc. and Starwood Capital Group, Neil Brown and Simon Turner opposed it, saying the $19.50-a-share price was insufficient, and below similar transactions in recent years.
Leaf Group Ltd. (NYSE: LEAF)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Leaf Group Ltd. ( LEAF ) (NYSE: LEAF) in connection with the proposed acquisition of the company by Graham Holdings Company. Under the terms of the merger agreement, LEAF shareholders will receive $8.50 in cash for each share of LEAF common stock that they hold. If you own LEAF shares and wish to discuss this investigation or your rights, please call or visit our website: http://weisslawllp.com/leaf/
Kentucky Bancshares, Inc. (OTCQX: KTYB)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
Car lock out leads to warrant arrest: Middleburg Heights Police Blotter
Lock out: Engle Road
An officer at 11 p.m. April 10 went to Motel 6 for a guest who locked her keys in her car. The license plate returned to a woman who was not the guest. The woman said she recently bought the car and had a signed title inside the car. The officer checked her Social Security number and found the woman had several traffic warrants. She was advised of her warrants and arrested. The suspect’s boyfriend took custody of her car keys prior to the Ohio State Highway Patrol officers arriving to transport her to their facility.