They put up more boutique/ trendy hotels in NYC over the last 4 years than I could possibly name here. I never could figure out who the hell they expected to occupy all of these rooms. The Europeans certainly took advantage of the exchange rate in ’07 and ’08 but once the credit crisis hit,…
Hotels
Market Recap: Hotel, Motel, Holiday Inn…
[youtube=http://www.youtube.com/watch?v=-PKhMe3e0uU] The Reformed Broker, AKA Derick Sermon, here with today’s Market Recap… They loved everything about Apple (AAPL) today, and the stock was up over 3 bucks from the open. iPhones and China are like peanut butter and chocolate, a can’t-miss combo. Anything hotel or lodging-related was also on fire, with the Hotel/Motel REIT sector rallying over 12%…
