Among the noteworthy quotes from stories this week was IHG's Elie Maalouf talking about their acquisition of Ruby hotels and the attractiveness of the urban micro space.
QUOTE OF THE WEEK
“This acquisition demonstrates our focus on building our
presence in large, attractive industry segments and using our experience of
integrating and growing brands and hotel portfolios. The urban micro space is a
franchise-friendly model with attractive owner economics, and we see excellent
opportunities to not only expand Ruby’s strong European base but also rapidly
take this exciting brand to the Americas and across Asia, as we have
successfully done with previous brand acquisitions.” – Elie Maalouf, IHG Hotels
& Resorts Read story
“2024 was the year we began to realize the benefits of our
larger scale, which enabled us to make additional investment given our
significantly enhanced growth profile. We’ve invested in capturing more group
business and business transient demand, leveraging our evolution to a more
upscale portfolio.” – Patrick Pacious, Choice Hotels Read story
“We have identified Cain International and Eldridge
Industries as partners we intend to grow with for years to come. We’re excited
to begin our relationship with VICI’s commitment to One Beverly Hills, a
powerful example of Cain’s distinct ability to envision and develop compelling
experiential complexes.” –Edward Pitoniak, VICI Properties Read story
“After two years of being the most active buyers in the region [Asia Pacific], private investors said they expect a greater level of selling in 2025 as they look to capitalize on improving market sentiment.” – CBRE Read story
“This marks our mid-market moment in India, as significant
macroeconomic growth, a rapidly rising middle class and the vast infrastructure
development fuel demand for our brands and drive strong trading performance in
the country.” – Alan Watts, Hilton
Read story
“By prioritizing service quality, hotels can foster positive
guest perceptions, reduce complaints, and ultimately lower compensation
expenses.” – Jason Raimondi, Horwath HTL
Read story