Among the noteworthy quotes from stories this week is Davidson Hospitality's Jason Rabidoux previewing the group's plans to move deeper into luxury.
“We have five deals that we’re currently working on in
luxury, dominated a little bit more by ground-up than existing assets. We do
have one complete gut, renovation, redo and reopening that’s going to be
luxury, and we have an existing asset that we’re evaluating and working on with
a partner right now.” – Jason Rabidoux, Davidson Hospitality Read story
“For us who take a much longer-term view of the world, the
opportunity there this year is maybe more on the refinancing and
recapitalization side, versus outright selling of assets.” – Alessandro Colantonio,
Gencom Read story
“In addition to [the Waldorf Astoria New York] being way
over budget in executing the renovation, the property was originally acquired
in 2014 for an amount that many perceived at the time was significantly above
market. Also factoring in a decade of carry costs it is highly unlikely that
the seller will realize sales proceeds that come close to their basis in the
deal. With this said I would not be surprised if the trophy property once again
trades for a record amount for a non-gaming U.S. hotel asset.” – Daniel Lesser,
LW Hospitality Advisers Read story
“We have very good sight lines into the rest of February and
even into March. And it feels good in all the ways I just described. So, the
reason for my increased optimism is data that I’m actually able to see – data
that says what I hoped and thought would happen is starting to happen, and
hopefully is sustainable.” – Chris Nassetta, Hilton Read story
“We don’t have an issue with having to constrain key money
when we have great deals come to us. We have, as you know, the free cash flow
to absolutely go and spend it however... So that financial discipline to make
sure that we're getting great ROI is very important overall.” – Leeny Oberg,
Marriott International Read story
“We’re witnessing a fundamental shift in investor sentiment
toward hotels, driven by compelling relative value and the sector’s proven
resilience. The 2026 FIFA Soccer World Cup represents a unique catalyst for
performance in host cities, while constrained supply dynamics create lasting
value for existing assets.” – Kevin Davis, JLL Hotels & Hospitality Group Read story