REIT Replay: Hotel rumors
REITs and the broader markets posted losses Tuesday, Oct. 27, as M&A rumors surfaced around a hotel operator.
The MSCI US REIT Index (RMZ) dipped 0.01% to 1,109.95, and the SNL US REIT Equity Index slipped 0.08% to finish at 296.58. The Dow Jones Industrial Average dropped 0.24% to close at 17,581.43, while the S&P 500 lowered 0.26% to 2,065.89.
In rumored M&A news, three Chinese companies are reportedly awaiting their government's approval to bid for Starwood Hotels & Resorts Worldw...