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November 5, 2026
When you hear the DJIA was down 3.4% (1,833 points), Nasdaq was down 5.5% (1,422 points) and the S&P 500 was down 4.4% (335 points), you think of the way the markets traded when Covid hit or 9/11. You can blame more anxiety over technology stocks, the midterm hangover or the changing of the seasons but there was no natural or non-natural disaster to account for this activity today. The good news is treasury yields keep dropping, with the 10 year down another .06 to 4.84%. We have been telling you that hotel stocks were looking for a reason for profit taking and today was it. Before everything went really crazy we had new highs set by Hilton, DiamondRock, IHG, and Chatham Lodging Trust with CLDT also being one of the few stocks to end in positive territory. Service Properties Trust not only hit a new low, it was the biggest decliner of the hotel names, down -12%. It was followed by Ashford Hospitality and Park Hotels, both down -8% while Pebblebrook, Host Hotels and Marriott Vacations were down -6% each.
Today marked the end of the majority of 3Q earnings season reasons, one of the best for the hotel industry in a very long time. Unfortunately, it was on a terrible day in the overall market so you can’t judge the response as anything but a function of the massive sell off this morning along with a group that has been red hot with Wall Street just looking for a reason for profit taking.
Host Hotels had a very strong quarter, a clean beat with a raise. Acquisitions are also expected to add another $6 million to 4Q results. HST said they had acquired the leasehold interest in the 195-room 1 Hotel Brooklyn Bridge for $202 million in cash. The company has also acquired the fee simple interest in the 308-room Renaissance Dallas at Plano Legacy West Hotel for approximately $172 million in cash. The 1 Hotel Brooklyn Bridge features 12,000 square feet of meeting space, several food and beverage outlets, a Bamford Wellness Spa, underground parking, a fitness center and a rooftop pool. The Renaissance Plano boasts 35,000 square feet of meeting space, several food and beverage outlets, an outdoor pool, fitness center and an attached parking garage. The hotel was sold by Paceline Equity Partners LLC. Paceline and its joint venture partner, Aravest, acquired the Renaissance Plano in June 2023. CBRE Hotels served as exclusive advisor and King & Spalding served as legal counsel to Paceline on the transaction.
RLJ Lodging Trust also reported a clean 3Q EBITDA/FFO beat. Whether RLJ was being conservative or not, analysts pointed out that 4Q guidance suggested a deceleration in RevPAR growth. For some companies like RLJ, 4Q comps were supposed to be easy due to the government shutdown last year. RLJ commented on their October sale of seven hotels around Chicago Midway Airport. RLJ said the sale price was $110 million which was higher than the media reports. RLJ did not repurchase any shares in 3Q26.
Park Hotels & Resorts reported FFO/EBITDA beats for 3Q with some items not as strong as others. F&B did not keep pace with group room demand and higher expenses tempered some enthusiasm from the analysts as well.
Chatham Lodging Trust’s earnings beat generated one of the few positive responses in the sector today. The same cannot be true for Service Properties’ while Braemar Hotels & Resorts’ results had them trading in line with most of the group today.
Peachtree Group announced the grand opening of the 264-room, dual-branded AC Hotel Dallas Uptown and Moxy Dallas Upton. Developed in conjunction with Phoenix Development Partners and operated by Peachtree’s hospitality management division, the property features 110 AC Hotel guestrooms and 154 guestrooms at Moxy, flexible meeting and event spaces, a fitness center, and a signature, indoor-outdoor rooftop bar.
City of Edmond officials and project partners celebrated the groundbreaking of a new Tru by Hilton hotel in Edmond, Oklahoma. The 98-room hotel is being developed by Winedown LLC, with financing from Arvest Bank and in partnership with Hilton. It is expected to open early 2028.
The 137-room Hilton Garden Inn Lake Buena Vista - Orlando has completed its $2.3 million renovation. Managed by HEI Hotels & Resorts, the hotel’s refurbishment enhanced guestrooms, public spaces, pool, 4,500 square feet of meeting space and its restaurant space.
IHG Hotels & Resorts announced the opening of voco Ciudad Juarez, a newly converted, 146-room property in Ciudad Juarez, Chihuahua, Mexico. Owned and managed by Aimbridge, voco Ciudad Juarez features an onsite restaurant, bar, outdoor pool, fitness center, 300 square feet of meeting space and onsite parking.
Sonesta International Hotels Corporation announced the opening of Sonesta Essential Kansas City Speedway, a 45-room upper-midscale hotel located in Kansas City, Kansas. The property is the 25th opening for the Sonesta Essential brand.
The continuous upgrades at The Riverside Hotel in Garden City, Idaho continue with a new spa on the horizon. Riverside Hospitality purchased the hotel property and began a large series of upgrades with the long-term goal of converting The Riverside Hotel into The Riverside Resort. Plans call for a set of three massage rooms, a relaxation room and two nail stations.
A Boston developer is proposing a 200-room hotel and events space for the landmark Lombardo’s banquet hall in Randolph, Massachusetts. Core Investments told the state in an environmental application that it plans two structures that would be connected by a pedestrian bridge. The firm’s plans call for a hotel building and a 65,000 square foot events building that would include a ballroom, restaurant and dinner theater. Core Investments is proposing the project with the Dunham family, the family behind the Yankee Line bus company. A limited liability corporation registered to the Dunham family bought the Lombardo’s site and adjacent site of the former The Lantana events venue in 2024 for $45 million.
TradeWinds Resort, located on St. Pete Beach, Florida, announced the opening of Serenity Sands Spa. The launch follows Shelldon’s Discovery Cove earlier this fall and six new dining venues last year.
JLL arranged the sale of the Home2 Suites by Hilton Boston South Bay, a 130-suite hotel located in Boston, Massachusetts. JLL represented seller Hersha Hotels & Resorts in the transaction. An undisclosed buyer acquired the asset. The five-story hotel features a fitness center, business center, guest laundry facilities and self-parking for 55 vehicles.
Hunter Advisors announced the sale of the 89-room Fairfield Inn & Suites Jacksonville West Chaffee Point in Jacksonville, Florida. Hunter Advisors brokered the transaction on behalf of an institutional seller. An affiliate of OM Shiv Management acquired the property. The four-story hotel features an indoor pool, fitness center and 1,000 square feet of meeting space.
Remington Hospitality announced the promotion of Ayotunde Gibbs to Chief Technology Officer. Gibbs joined Remington in January 2026 as Executive Vice President of Technology. In her expanded role, Gibbs now oversees all enterprise technology and places AI at the forefront of Remington’s strategy. Before joining Remington, Gibbs served as Vice President of Enterprise Systems and Data at Dave & Buster’s Inc.
Hilton has surpassed 100 open and planned hotels across the Caribbean, marking a significant milestone in its expansion throughout the region. Contributing to the momentum is this week’s opening of the first Homewood Suites by Hilton and Hampton by Hilton dual-brand property in Puerto Rico. Planned openings will make brand firsts in key markets including: DoubleTree by Hilton Punta Cana Downtown, expected by year-end 2026, followed by Tru by Hilton Punta Cana planned for 2027. DoubleTree by Hilton Curacao is slated for opening in 2027. Tranquility Beach Resort Dominica, Curio Collection by Hilton is expected in 2028, marking Hilton’s first hotel in the country. Paradise Breeze Nassau, Curio Collection by Hilton slated for 2028, will represent Hilton’s return to the island. Hilton Garden Inn Barbados Rockley Beach is planned for 2028. The Hampton by Hilton Trinidad Airport is slated for 2028, while Elephant Tree Resort and Villas Tobago, Tapestry Collection by Hilton opening is planned for 2030. Waldorf Astoria Turks and Caicos Dellis Cay and AMARIS Grace Bay Turks and Caicos, and LXR Hotels & Resorts are expected in 2030.
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