Quotes of the Week: Axe Management, Hospitality America, Trinity Investments

QUOTE OF THE WEEK
“We are open to work with IHG on its other brands in the future, as well as with other partners. Internally, we have a target [to grow Garner] but we’d rather focus on doing it right than just chasing the target.” – Gary Kwok, Axe Management Partners, on dealmaking in Japan  Read story

“In the second half of 2023, investment activity [in Europe] exhibited promising signs of recovery, marked by consecutive quarterly increases. Regional volumes surged by 20% quarter-on-quarter during Q3, a noteworthy development given that Q3 traditionally experiences subdued activity. This momentum has continued with stronger Q1 2024 volumes in several key markets across the region.” – Richard Dawes, Savills EMEA  Read story

“While the sale of our stake in Motel One will generate very attractive returns for our investors, we leave Motel One very well-positioned with an enormous potential for future growth. The investment in Motel One exemplifies Proprium’s commitment to platform investing, aimed at delivering outsized private equity returns within the real estate industry.” – Philipp Westermann, Proprium Capital Partners  Read story

“We’ve found a niche with owners and new developers who may have been in multifamily or office and are looking at hospitality but haven’t done it before and are looking to get into it. It can be intimidating. We help them through the process.” – Ben Campbell, Hospitality America  Read story

“The Scottsdale Plaza Resort & Villas is a prime example of an excellent property coming to market in need of a significant capital investment from a partnership like Trinity and Partners Group that can deliver a development plan for future growth We are pleased to work with Partners Group again as we execute on our repositioning and enhancement plan for this already well-performing asset.” – Sean Hehir, Trinity Investments  Read story

“2023 just had so much uncertainty to it… that there was a significant bid-ask gap. Clearly, with the six investments we’ve made, we are finding creative ways to consummate those deals. But the bid-ask gap is still out there.” – John Ege, KSL Capital Partners  Read story

“We’ve told our investors that if we’re value-add investors, we have to be able to find a way to invest across all points of the market cycle. Of course, globally, there’s been a slowdown in transaction activity just with the uncertainty with interest rates, etc. But I’ve felt that sentiment change tremendously in the U.S. so far this year, and I’m feeling that changing in Europe, as well. And that’s not just with seeing more activity on the acquisition side, but you’re seeing more lenders showing up.” – Sean Hehir, Trinity Investments  Read story