Some of the best quotes from stories of the past week, including Aspen Hospitality CEO Alinio Azevedo talking about appetite for development risk.
QUOTE OF THE WEEK
“Because we’re long-term holders, we have the ability to
take the appetite of the development risk, which is something that not every
REIT or private equity firm can do. Being in the right market in the right
place is really important. Therefore, if that means we need to take more
development risks, we’re going take more development risks.” – Alinio Azevedo,
Aspen Hospitality Read story
“Hyatt plans to unveil direct booking access to properties
within the Mr & Mrs Smith platform through Hyatt’s distribution channels,
including Hyatt.com and the World of Hyatt app. The anticipated move will have
the potential to unlock access to more than twice the number of global boutique
and luxury properties within Hyatt direct booking channels, and Hyatt is
exploring ways to enable World of Hyatt members to earn and redeem points
across eligible hotels in the Mr & Mrs Smith collection. That integration
will take time.” – Mark Hoplamazian, Hyatt Hotels Corp. Read story
“I have this specific remit to look after one global brand
with 90 hotels, rather than 32 brands with 450 hotels across India, Middle
East, Africa and Turkey [as CEO of the region previously]. This allows us to
change how we approach the business, how we approach our customers, and the way
that we’re going to develop the brand and move it forward. So, lots of ROI
points.” – Mark Willis, Fairmont Hotels & Resorts Read story
“Working closely with Keith and as an Executive Committee,
we’ve made a number of critical strategic investments in recent years that
position us with exciting opportunities to realize IHG’s full industry leading
potential, by driving the performance and growth of our fantastic brands and
delivering strong returns for all our stakeholders.” Elie Maalouf,
InterContinental Hotels Group Read story