Among the noteworthy quotes from this week's stories was NewcrestImage's Mehul Patel talking about the implications of lost government business.
QUOTE OF THE WEEK
“What used to be a steady layer of government occupancy is
now less frequent and often shorter in length. That ripple effect is felt
mostly in markets close to government hubs, which has implications for both
occupancy and pacing. On top of that, international and cross-border travel has
slowed with policy changes and visa delays, further cutting into what was once
a dependable segment.” – Mehul Patel, NewcrestImage Read story
“We’ll be very focused on problem solving, where before it was growing platforms. By that I mean fixing broken capital structures or capital deprived platforms or [single asset] hotels. We can join venture, provide capital solutions, preferred equity.” – Shai Zelering, Brookfield Asset Management Read story
“Well-maintained and strategically located in one of the
Southeast’s most sought-after leisure destinations, The Westin Hilton Head
is exactly the kind of high-quality, experience-driven destination we look to
support at KSL. It's one of the grand dames of the region, and we’re focused on
building on the resort’s legacy and finding new ways to further elevate this
beloved coastal destination.” – Dan Rohan, KSL Capital Partners Read story
“The Westin Grand Central is a flagship property in one of
the world’s most dynamic lodging markets. Its proximity to Grand Central
Terminal and Midtown’s largest employers makes it a cornerstone asset for both
business and leisure travel. Together with Bain Capital, we continue to pursue
opportunities in premier urban markets as well as high-quality destination
markets where we see consistent demand and long-term value creation potential.”
– Brendan McCormick, Smith Hill Capital
Read story
“Branded concepts versus unbranded concepts have both
recovered, but the branded hotels have recovered much quicker and continue to
recover much quicker than boutique hotels. So, you’re seeing that gap in
performance widen.” – Leonard Ross, Hawkins Way Capital Read story
“Because it can refinance eligible costs already incurred,
C-PACE is increasingly used as takeout financing to pay down senior debt or
preferred equity. These loans are usually fully funded at close, providing
immediate runway and relieving cash flow pressure.” – Laura Rapaport, North
Bridge Read story
“Singapore is a leading global city-state, celebrated for
its rich cultural heritage and dynamic economy. The launch of Aman Singapore,
within the landmark The Skywaters development, marks an exciting chapter for
our brand and is something our devoted community has long anticipated… It will
also serve as a key connection point to our Aman destinations across Asia for
our global guests.” – Vlad Doronin, Aman Group
Read story
“The strength and resilience of the single asset market
stands out, with single assets making up over 90% of deal volumes in the
quarter. We expect the single asset market to remain robust while also
anticipating more larger portfolios to transact in 2026.” – David Kellet,
Savills Read story
“Bally’s Las Vegas represents a once-in-a-generation
opportunity to redefine the heart of the Strip. With world-class partners like
JLL and Marnell, and with the arrival of Major League Baseball, we are not just
building an integrated resort. We are creating a landmark destination that
unites sports, entertainment, dining and hospitality on a scale only Las Vegas
can deliver.” – Soo Kim, Bally’s Read
story
“We are excited to officially become part of the JTB family
and begin this new chapter together. Partnering with JTB opens up new
opportunities for collaboration and growth, particularly as we expand our reach
in the Asia Pacific region. With our shared values and vision, we look forward
to working closely with JTB to deliver even greater value to our customers
around the world.” – Jason Young, Northstar Travel Group Read story