Omni Nashville Hotel officials have released some statistics for the recently opened facility’s October effort.
They include the following:
• 11,272 future room nights booked
• 94 group meetings
• 13,000-plus covers served at Barlines
Michael Rose at Raymond James thinks Pinnacle Financial Partners shares are ready to take a breather after running up almost 70 percent so far this year. On the heels of the bank's Q3 profits report, he has downgraded Pinnacle to 'market perform' from 'outperform.' His price target of $30 is about 5 percent below where the stock (Ticker: PNFP) is trading early this morning.
Headed in the other direction with shares of Ryman Hospitality Properties is Patrick Scholes at SunTrust Robinson Humphrey. Scholes has hiked his rating on the Nashville-based real estate investment trust to 'neutral' from 'underweight' but kept his price target at $34. Scholes' downgrade early this year took a while to look good as Ryman (Ticker: RHP) climbed above $45 but he nailed its eventual drop into the mid-$30s, where the stock has spent a lot of time since early June.
Omni Nashville Hotel is off to a strong start, hotel officials say, with 646 future room nights booked on Sept. 30 — the first night the 800-room SoBro-based hotel was opened — and Oct. 1.
Tod Roadarmel, Omni Nashville Hotel director of sales and marketing, said all available rooms opened the first two nights earlier this week were occupied by guests.
Officials with both Omni and Metro held a grand opening Monday.
“Nashville is establishing itself as one of the preeminent leisure and convention destinations in the country,” Mike Deitemeyer, president of Omni Hotels & Resorts, said in a release. “The level of interest and enthusiasm in Music City is unprecedented.”
Do you see value in shares of Ryman Hospitality Properties (Ticker: RHP), which are down 10 percent year to date? The trustee of the rabbi trust handling some of Chairman and CEO Colin Reed's supplemental retirement payments does and last week spent $300,000 on the hotel real estate investment trust's shares.
Headed in the other direction is HealthStream co-founder and director Jeff McLaren, who on Monday cashed in a bunch of stock options with an exercise price of less than $5 and sold them for more than $33. His profit on the transactions ran to more than $430,000. HealthStream shares (Ticker: HSTM) are up more than 35 percent so far in 2013.