Quotes of the Week: Brookfield, Hawkins Way, NewcrestImage

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