Quotes of the Week: Blue Flag Capital, Reade Hotel Capital, Hyatt

QUOTE OF THE WEEK
“Our understanding, our reading of the body language — and Hyatt is obviously keeping it close to the vest — is that there is a [asset sale] deal in hand to be signed, probably to be announced when the [Playa] deal is closed.” – Michael Bellisario, R.W. Baird   Read story

“Our thesis has been since we’ve been doing this and continues to be ultra-high-end, high-barrier-to-entry markets where we believe two things are true. One, a lot of hotel stock historically has been in individual ownership and hasn’t really been touched in a long time and deserves a lot of love going back into it. Then, the supply-demand dynamics, particularly where we think the discretionary dollars being invested are going into these markets that are themselves the demand generators: the Nantuckets, the Martha’s Vineyards, the Sag Harbors and the Jackson Holes. So that’s where we’re investing.” – Jason Brown, Blue Flag Capital   Read story

“We think this is uniquely a good time to buy and we think a lot of people aren’t buying right now. We’re looking to get out from the bigger shadow of some of these other shops and be among the names mentioned of very serious players.” – Lawrence Margolis, Reade Hotel Capital   Read story

“With this expanded universe of wealth, we’re seeing people that really want connection to community. So, the [branded residential] amenities become really important. How do we create the right community for people – this placemaking idea?” – Tina Necrason, Hyatt Hotels Corp.   Read story

“Our group of family offices will invest in University Hotel’s growth, and in most cases, will also serve as the developer. Through our investment model, universities and hospitals have the opportunity to become joint venture partners with the developer.” – Aileen Canta, A.F. Canta   Read story

“There’s certainly an uptick of investment from Asia into Australia at the moment. Given our cycle is at its lower end, and we can expect an upswing in the next three to five years, there is obvious value for those investors. The savvy investor who has capital is looking at Australia for that upswing, and they’re getting in now, which can help offset the high-cost environment that exists in running businesses in Australia at the moment.” – David Mansfield, The Ascott Ltd.   Read story

“The goal is clear: position the property as a must-visit experience, not just a place to stay – regardless of its zip code. Through high-impact strategies like PR events, influencer marketing, and curated partnerships, luxury hotels can create appropriate demand and justify premium pricing in non-luxury destinations.” --- hotelAVE   Read story