Quotes of the Week: IHG, Choice Hotels, VICI, Hilton

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