HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index jumped 10.5 percent in December to a level of 6,760. For 2023, the stock index was up 38.4 percent. “Hotel stocks—like the broader market—finished 2023 on a high note as the ‘soft landing’ narrative and lower interest rate outlook continued to boost investor sentiment and valuation multiples,” said Michael Bellisario…
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