Hot Type: Nassetta, Freed, Shivdasani, Dean

QUOTE OF THE WEEK
“We are getting out of the bizarro world with what the Fed and Central Bank have been doing. We are going to get to a world within the next 12 to 18 months where it is back to fundamentals. By the end of the year, demand patterns will look an awful lot what they looked like pre-COVID.” – Chris Nassetta, Hilton  Read story

“The vast majority of hotels are owner operated or managed by the brands, but if you look at the swim lane outside of those two probably 30% of properties have the potential to be third-party managed.” – Sloan Dean, Remington Hospitality on growth in the Caribbean  Read story

“Frankly, I find it kind of shocking that some major, major clients don’t do the necessary front-end research for conversions. First off, what’s their business reason for wanting to be in that market? Will the zoning laws allow for conversion from office to hotel use? If they want to brand it, what does the room bay look like? Most office setups are usually about 130-to-160 square feet. Unless you want to develop a small room module like, say, citizenM’s, it’s going to be challenging to meet brand standards in a footprint that size." – Dan Freed, Arcadis | CRTKL, on LatAm development  Read story

SNEAK PEAK (story coming Monday)
“It’s quite exclusive and we will be selling residences. It’s about celebrating the beauty of nature, taking our mission to create unique environments to another level. It's the sort of experience you might get on a 60m luxury yacht. Each villa has a team of three – private butler, chef de partie and runner – looking after guests. There won’t be many restaurants; it's a lot about destination dining.” – Sonu Shivdasani on Soneva Secret, which will be located in the north of the Maldives