REPORT FROM THE U.S.—Hotel stocks soared Monday on news that the European Union approved a US$1 trillion bailout for those countries in dire financial straits.
The bailout includes loans of up to €440 billion (US$569 billion) from euro-zone governments and an additional €60 billion (US$78 billion) from an emergency fund. The International Monetary Fund also is kicking in €250 billion (US$323 billion.)
The big winner on the day was Ashford Hospitality Trust, which saw its stock price grow 13.7 percent to US$8.48, a one-day increase of US$1.02. Overall, the Dow Jones Industrial Average finished up 404.71 points, or 3.9 percent, to finish at 10,785.14. The S&P 500 was up 4.4 percent to 1,159.73, and the NASDAQ increased 4.8 percent to 2,374.67.
The following is a rundown of how hotel stocks fared Monday:
- Accor (EPA: AC): €41.44 (US$53.01), +9.2 percent
- Ameristar Casinos (NASDAQ: ASCA): US$18.80, +2.2 percent
- Ashford Hospitality Trust (NYSE: AHT): US$8.48, +13.7 percent
- Boyd Gaming Corporation (NYSE: BYD): US$12.39, +3.5 percent
- Chatham Lodging Trust (NYSE: CLDT): US$20, +1.6 percent
- Chesapeake Lodging Trust (NYSE: CHSP): US$18.54, +2.9 percent
- Choice Hotels International (NYSE: CHH): US$35.61, +3.6 percent
- DiamondRock Hospitality Company (NYSE: DRH): US$10.61, +8.3 percent
- FelCor Lodging Trust (NYSE: FCH): US$8.02, +7.8 percent
- Gaylord Entertainment Company (NYSE: GET): US$27.59, +7.2 percent
- Great Wolf Resorts (NASDAQ: WOLF): US$2.82, +2.9 percent
- Hersha Hospitality Trust (NYSE: HT): US$5.26, +9.8 percent
- Home Inns & Hotel Management (NASDAQ: HMIN): 33.25, +6.8 percent
- Hospitality Properties Trust (NYSE: HPT): US$25.11 +5 percent
- Host Hotels & Resorts (NYSE: HST): US$16.04, +8.8 percent
- InnSuites Hospitality Trust (AMEX: IHT): US$1.21, 0 percent
- InterContinental Hotels Group (NYSE: IHG): US$16.41, +8.3 percent
- Las Vegas Sands Corporation (NYSE: LVS): US$23.25 +9.7 percent
- LaSalle Hotel Properties (NYSE: LHO): US$24.84, +8.8 percent
- The Marcus Corporation (NYSE: MCS): US$12.12, +5.1 percent
- Marriott International (NYSE: MAR): US$35.80, +7.4 percent
- MGM Mirage (NYSE: MGM): US$14, +6.7 percent
- MHI Hospitality Corporation (NASDAQ: MDH): US$3.31, +7.1 percent
- Millennium & Copthorne (LSE: MLC): £440.30, +3.8 percent
- Morgans Hotel Group Company (NASDAQ: MHGC): US$7.51, +11.3 percent
- Orient-Express (NYSE: OEH): US$12.42, +5.9 percent
- Red Lion Hotels Corporation (NYSE: RLH): US$6.59, +2.5 percent
- Rezidor Hotel Group (PINK: REZIF): US$4.25, 0 percent
- Sol Melia (MCE: SOL.MC): €5.78, +6.1 percent
- Sonesta International Hotels Corporation (NASDAQ: SNSTA): US$13.57, 0 percent
- Starwood Hotels & Resorts Worldwide (NYSE: HOT): US$50.72, +7.9 percent
- Strategic Hotels & Resorts (NYSE: BEE): US$5.93, +11.7 percent
- Sunstone Hotel Investors (NYSE: SHO): US$12.68, +10.5 percent
- Supertel Hospitality (NASDAQ: SPPR): US$1.88, +4.4 percent
- Wyndham Worldwide Corporation (NYSE: WYN): US$25.37, +10.1 percent
- Wynn Resorts Limited (NASDAQ: WYNN): US$82.86, +8 percent
