Braemar Hotels & Resorts has sold its 193-room Park Hyatt Beaver Creek Resort & Spa for $176 million, achieving a 4.6% capitalization rate on net operating income. The property was acquired in 2017 for $145.5 million, and the sale generated strong returns and cash flow over nine years. Proceeds from the sale were used to repay a $70.5 million mortgage and the company's 4.50% Convertible Senior Notes, strengthening Braemar's balance sheet as it explores strategic options. This transaction aligns with Braemar's focus on high-quality luxury properties in prime locations.
Barclays increased its price target for Hudbay Minerals to $32 from $30, citing strong growth prospects in copper mining. Despite a recent nearly 30% stock pullback due to market sentiment, Hudbay maintains a solid financial position with near-zero n...
Morgan Stanley reported strong Q2 2026 results, with earnings per share of $3.46 surpassing estimates of $2.89 and revenue of $21.35 billion beating forecasts of $19.67 billion. This marks significant year-over-year growth from $16.79 billion, driven...
The global autoimmune disease therapeutics market is projected to grow from $80.54 billion in 2025 to $137.85 billion by 2035, at a CAGR of 5.52%. Growth is fueled by rising autoimmune disease prevalence, advances in biologics, JAK inhibitors, monocl...
The Vancouver Chinatown Foundation and RBC are hosting Light Up Chinatown! 2026, a free two-day festival on August 8-9 along Columbia Street in Vancouver’s Chinatown. The event features exclusive food collaborations, live music performances, family a...
New research from iSeatz reveals that U.S. travelers are increasingly strategic about travel rewards programs, with 40% treating them as financial optimization tools and 60% belonging to multiple programs. Despite high enrollment, many travelers find...
