Insightful quotes from some of our biggest stories of the week, including Minor Hotels' Dillip Rajakarier on the importance of closing deals, not chasing them.
QUOTE OF THE WEEK
“I don’t like to chase deals; I like to close deals. I
always say to our development guys, there are deal chasers and deal closers. We
don’t like people who chase deals; we like people who close deals, which is
really important because you can chase hundreds of deals, but it’s the ability
to close deals. And also, it’s the ability to be really fast and think
different in terms of closing deals.” – Dillip Rajakarier, Minor Hotels
Read story
“The 265 agreements we’ve executed are with dozens of really
sophisticated institutional developers who believe this infrastructure bill is
historic. And they believe an estimated 8 million companies will be contracting
for a piece of that legislation.” – Geoff Ballotti, Wyndham Hotels &
Resorts Read story
“We have identified approximately 50 target markets in the
U.S. that we feel would fit our investment thesis – specifically, outdoor
adventure markets adjacent to beaches, national parks and ski areas that enjoy
multiple seasons of demand.” – Matthew Mering, Waterton Read story
“Not one hotel has a kiosk check-in, and it hit me that this
is all about the face-to-face interaction, especially in that resort
environment where the customer is still looking to sit down and talk to you and
find out how they plan their trip and the things that they can do within the
market. So, I think the people experience in our space is going to be critical
moving forward.” – Jeff Wagoner, Outrigger Hospitality Group Read story
“In all instances of hotel construction or enlargement, understand that these are new regulations being implemented by New York City agencies for the first time. Build additional time into your design and construction schedule for governmental review – even if you believe your project does not require discretionary approvals.” – Hilary Atzrott Hamburg, Venable LLP Read story
“Despite continuing labor shortages, this is a testament to
the efforts of the industry to ramp up hiring and training during the past
several months. Interactions with staff is one of the most important components
of a hotel stay and guests are noticing that they are getting better service.” –
Andrea Stokes, hospitality practice lead at J.D. Power. Read story