| Previous close | 1.7500 |
| Open | 1.7500 |
| Bid | 1.4500 |
| Ask | 3.1000 |
| Strike | 130.00 |
| Expiry date | 2025-06-20 |
| Day's range | 1.7500 - 1.7500 |
| Contract range | N/A |
| Volume | |
| Open interest | 1 |
ReutersHotel executives set sights on empty office buildings as supply lags demand
Hotel executives are surveying vacant office and residential buildings in prime locations from the U.S. to China to drive supply growth as financing challenges for new construction hinder efforts to maximize buoyant demand. Hotel supply growth in 2024 is hovering under 1% compared to 30-year averages of 2.5%, but with commercial assets sitting empty around the world, hotel operators are scouting unique conversion opportunities. Marriott, known for its Ritz-Carlton and Sheraton brands, this week announced Project Mid-T in North America, its latest effort to convert existing hotels or commercial assets such as offices into mid-scale hotels at lower costs.
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Business WireHilton Set to Double Lifestyle Portfolio To 700 Hotels Within Next Four Years
MCLEAN, Va., June 03, 2024--With nearly 350 existing lifestyle hotels and another 350 expected to join the portfolio by 2028, Hilton (NYSE: HLT) is set to double its presence in the fast-growing lifestyle category in the next four years. The recent addition of Graduate Hotels and NoMad to Hilton’s portfolio, coupled with increasing guest and owner demand, has positioned the company to further accelerate lifestyle category growth.
