DiamondRock Hospitality Company sold its leasehold interest in the 189-room Courtyard by Marriott New York Manhattan/Fifth Avenue for $33 million. The sale reflects a 6.3x multiple on 2025 Hotel Adjusted EBITDA and a 13.3% capitalization rate on 2025 Net Operating Income. Despite the hotel's income doubling since 2019, upcoming capital expenditures and rising costs led DiamondRock to divest, aiming to optimize capital allocation and shareholder returns. The company adjusted its 2026 financial guidance downward by about $5 million in EBITDA and $5.1 million in FFO due to the sale.
Agomab Therapeutics NV held its Annual General Meeting on May 26, 2026, where shareholders approved all agenda items. This included the approval of the 2025 financial statements, discharge of board members and auditors for their duties, and the reapp...
The global Carbon Capture, Utilization, and Storage (CCUS) absorption market is projected to expand significantly, growing from $1.58 billion in 2025 to $12.56 billion by 2035 at a CAGR of 23.06%. This growth is fueled by increased government initiat...
The global resin market is projected to grow from $667.16 billion in 2025 to $1.14 trillion by 2035, at a CAGR of 5.06%. Growth is fueled by advancements in resin technology improving thermal stability and strength, expanding use in aerospace, electr...
Verra Mobility shares dropped 41.2% in after-hours trading following Avis Budget Group's termination of their contract effective September 2026. This contract loss could reduce Verra's annual Commercial Services revenue by $135-$145 million and segme...
Netcapital Inc. shares surged 19.63% in after-hours trading following the announcement of a business update conference call scheduled for Thursday. The new CEO, Todd Violette, will discuss the company's transformation, priorities, and plans to grow i...
