Quotes of the Week: HVS, Peachtree, Chatham, Nikki Beach

“The timing is critical; March and April typically represent peak trading months for the region, driven by leisure demand, religious travel, and strong corporate activity.” – Hala Matar Choufany, HVS   Read story

“Expect wider bid-ask spreads. Expect more recapitalizations and structured solutions. Volatility persists until uncertainty gets priced. Markets don’t fear bad news…. They fear unknown duration.” – Greg Friedman, Peachtree Group   Read story

“In just six months, we have driven over $150 million in sales for this project [The Ritz-Carlton Residences, West Palm Beach]. The pace has truly been remarkable, and it speaks volumes about buyers’ confidence in the thriving West Palm Beach market.” – Nick Pérez, Related Group   Read story

“We have been patiently analyzing many acquisition opportunities, waiting for the right deal that ticked a lot of boxes, and this deal certainly does that. It represents our first acquisition in almost two years. We are enthusiastic about our future.” – Jeffrey Fischer, Chatham Lodging Trust   Read story

“Reno embodies the macroeconomic and demographic characteristics we prioritize when investing in high-growth markets. The property’s premier riverfront location and strong brand positioning provide a compelling platform to execute targeted capital enhancements and operational initiatives designed to drive performance and capture the region’s continued expansion.” – Ben Brunt, Noble Investment Group   Read story

“Our priority is to maintain our rigorous financial discipline and capital allocation strategy to ensure we achieve our long-term growth objectives and maximize shareholder returns. I very much look forward to partnering with the entire leadership team to drive enhanced value creation and build on the ‘Count on Me’ culture that defines our company.” – Amit Sripathi, Wyndham Hotels & Resorts   Read story

“In the context of evaluating all potential options to create shareholder value, we have also appointed real estate broker co-advisers to evaluate the potential for individual asset sales in conjunction with the company’s sale process. We look forward to providing an update as soon as the board of directors has approved next steps, a specific transaction, or determines that a development warrants public disclosure.” – Richard Stockton, Braemar Hotels & Resorts   Read story

“We quickly found out that our food and beverage is so strong that it became an added asset for the hotels. When we saw how the hotels [we worked with] were all of a sudden becoming busier and more successful, then we said ‘maybe it’s time that we start doing our own.’ That’s how we moved from the beach clubs and food and beverage to the hotels because we knew that we built something very, very strong, and it’s our food and beverage component.” – Lucia Penrod, Nikki Beach Hospitality Group   Read story

“This transaction represents the successful culmination of a very exciting project developed jointly with the Palladium Hotel Group. Over these years, both parties have contributed to the growth of the destinations, not only by fully transforming the assets but also by driving highly innovative concepts and opening new markets. At Azora, we intend and are eager to continue contributing to the development of the hotel industry alongside the Palladium Hotel Group in further hotel projects across Europe.” – Javier Arús and Gonzalo García-Lago, Azora   Read story

“Companies are looking toward strengthening their positions and consolidation, particularly in the gaming space. There’s also going to be continued investment in technology, with a focus on tech-driven hospitality solutions.” – Daniel Fischer, KPMG   Read story