All Stocked Up
Stocks took a massive tumble Tuesday and recovered a bit by Wednesday, but I thought it was interesting to see that while the ruckus on Wall Street was taking shape - familiar hotel brands weren't immune.
Lodging stocks overall dropped 3.52% by the end of the day.
Not surprising, considering the stock market hiccup emanated in Asia, Home Inns and Hotels Management Inc. based in China fared the worst dropping $6.21, or 13.28% to a share price of $40.55 as of the end of trading Tuesday.
Here's how others fared:
Starwood Hotels and Resorts Worldwide share price dropped by $2.24 to end at $65.08
Marriott share price dropped by $1.57 to end at $47.50
Hilton share price dropped by $1.27 to end at $34.86
Wyndham Worldwide share price dropped by $1.15 to end at $34.24
Four Seasons share price dropped by $0.19 to end at $81.22
-- KIMBERLY PIERCEALL
kpierceall@PE.com
Posted by Kimberly Pierceall at 7:45 AM, February 28
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Kimberly Pierceall
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