Hot Type: CHRIS commentary, Duke Ventures, Verakin Capital

QUOTE OF THE WEEK
“We took a collective investing approach because we hadn’t been involved in many networks that exposed us to people who had a lot of extra capital to invest. So, we tried to meet people where they were while empowering our community to invest in real estate and hospitality.” – Dr. Amina Gilyard James, EdD Duke Ventures  Read story

“The capital markets have changed so much and COVID probably accelerated that. They want to be in this space [all-inclusive] – they see the margins, the longer stay and the [rate] premiums. For our part, for all of us that have frequency programs, it’s just critical to have places not only to earn the points but burn the points. That aspirational travel often looks like an upscale or lifestyle all-inclusive experience in a lot of cases. I think the consumer is there. The capital markets are likely to follow. It’s going to be exciting to see how it continues to grow across the region.” – Brian Quinn, Sonesta International Hotels  Read story

“Our entire organization remained focused and persistent on identifying the best property for our brand. Outrigger's development team has been eyeing this property for several years as it meets all of the attributes we look for in an asset – including a premier beach location, opportunity for enhancement and solid return potential.” – Jeff Wagoner, Outrigger Hospitality Group  Read story

“The new travel trend of 'work from anywhere' makes this product ideal for nearly any geographic location where there is a need for a long-stay hotel brand, from urban centers to secondary and tertiary markets. Right now, the plan is to begin in the U.S., but this brand is built for the long-term and given the brand will be around for years to come, we expect supply to ultimately grow to more than a thousand hotels.” – Isaac Lake, Hilton, commenting on extended-stay Project H3  Read story

“I don’t like the term revenge travel. People have realized they value their time more than money. They want the best experiences when travel and our suites and rooms with views selling out first. I don’t see that trend slowing down.” – Rob Smith, Aimbridge Hospitality  Read story

“In some cases, we may purchase more land than we need for a hotel and develop other uses such as restaurant or retail which can service our hotel guests. In other cases, we may lease those units or sell those units to reduce our overall capital exposure within the hotel investments.” Rupesh Patel, Verakin Capital  Read story