Among the noteworthy quotes from this week's stories is Highgate's Richard Russo talking about their new complementary alliance with Kessler Collection.
“Over the years, they’ve [Kessler Collection] done a
tremendous job in building out very interesting, eclectic properties. They have
seen what we’ve been able to do on the operational side. And some of these
smaller founder-led organizations, as they want to continue to scale, want to
focus on what they do best, and let groups like us focus on what we do best.” –
Richard Russo, Highgate Read story
“Comparable hotel RevPAR also outperformed our expectations,
increasing 0.2% over the third quarter of last year, driven by higher rates
across the portfolio and improving leisure transient trends in Maui. As a
result of our outperformance, we now expect comparable hotel RevPAR growth of
approximately 3.0% and comparable hotel Total RevPAR growth of approximately
3.4% over 2024, exceeding the high end of our previously announced guidance
ranges.” – James Risoleo, Host Hotels & Resorts Read story
“With the distress, now there’s not as much competition in China. So actually, I do think that there may be interesting opportunities coming up [in potentially] getting good prices.” – Kenny Gaw, Gaw Capital Partners Read story
“We are seeing a bit of a pickup in asset sale transactions in proven markets with proven brands, but I would say we still need to see more improvement on the financing environment to see a dramatic pickup in new-build construction starts.” – Leeny Oberg, Marriott International Read story
“Looking into the fourth quarter and beyond, we believe our
high-end customer base, robust pipeline with significant white space for
growth, and rapidly expanding loyalty program position us to drive sustained
growth and create long-term value for our shareholders.” – Mark Hoplamazian,
Hyatt Hotels Corp. Read story
“We are especially excited by the accelerating momentum in
our international business, where we are on track to double profitability by
2027. With an accretive, high-quality pipeline that rapidly converts signings
into openings, and an enhanced value proposition that is attracting a growing
base of higher-value guests, Choice is exceptionally well-positioned to deliver
long-term growth.” – Patrick Pacious, Choice Hotels International Read story
“Together with our management companies, our asset and
revenue management teams have done a tremendous job tactically shifting the mix
of business at our hotels to strengthen market share and adjust to changing
demand trends driven in large part by the pullback in government travel.” –
Justin Knight, Apple Hospitality REIT
Read story