Noteworthy quotes from stories of the past week include Hyatt's Mark Hoplamazian on their deal with Grupo Piñero.
QUOTE OF THE WEEK
“Grupo Piñero’s family business culture, shared values, and expertise in the
four- to five-star all-inclusive category coupled with Hyatt’s leadership in
luxury all-inclusive creates powerful opportunities across Hyatt’s business –
for guests and World of Hyatt members seeking quality all-inclusive experiences
across stay occasions, and for hotel owners who can benefit from the network
effect of more travelers within the portfolio.” – Mark Hoplamazian, Hyatt Hotels
Corp. Read story
“Reside has a proven track record as one of the most
successful names in corporate housing. Reside’s model expands our extended-stay
offerings, delivering premium, professionally managed accommodations in
locations we know guests want to visit. By tapping into Wyndham’s distribution
network, we help unlock new demand generators that can help scale their
business to the next level.” – Amit Sripathi, Wyndham Hotels & Resorts Read story
“This organization and industry hold a special place in my
heart, and I am eager for the opportunity to lead it into a new chapter of
growth and engagement. Working alongside the officers and board, I am confident
that together we will build on our past successes and accelerate this thriving
industry on behalf of our members.” – Rosanna Maietta, AHLA Read story
“Noble is excited to add these new, high-yielding hotels
with in-place cash flows to our growing portfolio and capitalize on the
region’s continued economic expansion.” – Ben Brunt, Noble Investment Group Read story
“Recycling an entire building is possibly the most important
sustainability feature here and because it was an architectural legacy, it
really needed to be recycled. Over 1,000 solar panels on the rooftop and
parking canopies generate all the electricity to meet the needs of the
building. The ROI of energy savings and decarbonization outperform other types
of incremental investment — and mitigate significant risks.” – Bruce Becker,
Becker + Becker Associates Read story
“With this model, owners are also able to adopt
plug-and-play strategies while quickly entering a market. In addition, we are
also witnessing the growing importance of localization in operations as well as
the demand for consumer experiences across various markets. A franchise model
caters to this demand, allowing owners to swiftly adapt and localize to local
markets.” – Joseph Wong, Ascott Ltd.
Read story