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A giant deal in the hotel space boosted real estate exchange-traded funds Thursday, after Blackstone Group (BX Quote) bid $26 billion for Hilton Hotels(HLT Quote).
Shares of Hilton were soaring 26% Thursday afternoon. Other hotel stocks were jumping as well. Starwood Hotels (HOT Quote) rose 7.1%, Marriott (MAR Quote) was adding 7% and Intercontinental Hotels Group (IHG Quote) gained 4.2%.
The Ultra Real Estate ProShares (URE Quote) was rising $1.61, or 3.1%, to $53.71. The DJ Wilshire REIT ETF (RWR Quote) was adding $1.40, or 1.4%, to $83.98. The Vanguard REIT Index ETF (VNQ Quote) was higher by $1.18, or 1.6%, to $73.57. ...
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