Quotes of the Week: Aimbridge, Coury, Noble Investment, Langham

QUOTE OF THE WEEK
“We have a clear strategy and execution plan in place – and with a strengthened balance sheet, we will be even better positioned to continue investing in our operational capabilities, winning new business in existing and new markets, and strengthening our leading position in the industry.” – Craig Smith, Aimbridge Hospitality   Read story

“On the one hand, deregulation as an overall policy increases capital market activity, which is good for borrowers overall. In that construct, you should see increased liquidity and competition for deals which should be beneficial, both from a structural perspective, but also from pure economics.” – Michael Straw, CBRE   Read story

“It’s still an agreement-by-agreement endeavor. So, I struggle with how you’d go about valuing something that remains so fluid. Groups that were going for scale found that out, maybe the hard way, on the transient nature of management contracts, especially in a model where generally they’re unencumbered upon sale with performance termination tests that kick in more readily in a daily lease nature.” – Dustin Fisher, Noble Investment Group   Read story

“We love it when we walk into a hotel and 70% to 80% of the people are from the local market. We still want to have room for our hotel customers, but we know we hit the nail on the head when the bar or restaurant is full of people from the local market.” – Andrew Casperson, Coury Hospitality   Read story

“C-PACE financing has been interesting in that it’s a new development because of some changes in rules and things. We find that C-PACE financing will become a major player once banks start feeling more comfortable with it. As that evolves… you will see C-PACE financing playing a bigger and bigger role and I’m seeing that as a trend. That’s going to help increase the rate of development to some degree. Not totally, but to some degree.” – Carlos Rodriguez, Sr., Driftwood Capital   Read story

“No one is pricing in that we will be in a lower interest-rate environment in 2025 for permanent debt. We don’t see the needle moving there. But the good thing is, the hope is, there’s not going to be the volatility in interest rates that there was in the last 24 months and that we get to more of a status quo.” – Ryan Bosch, Arriba Capital   Read story

“The devastating wildfires in the Los Angeles area are top of mind for all of us. We hope all those affected make it through the disaster safe and sound. We are staying in contact with appropriate local authorities and hotel partners. Based on those communications, today we feel comfortable moving ahead with ALIS. We thank all first responders, firefighters, and law enforcement officials for their efforts in keeping the public safe.” – Jeff Higley, The BHN Group   Read story

“It's a cycle, and China will be back. It's the biggest economy in the world. We will continue to focus on China, and we just need a little bit of luck on our side for the environment to improve.” – Bob van den Oord, Langham Hospitality Group   Read story

“We see [Maldives] inbound activity in 2025 being muted as investors wait to see the impact of new regulations.” – Ghaly Murthala, Morteza Capital   Read story