Quotes of the Week: JLL, Dawson Design, Accor, Olive by Embassy

QUOTE OF THE WEEK
“As profitability continues to be a challenge for many hotels, more owners are turning to third-party management as a way to drive better margins and unlock additional asset value. Look for investors to gravitate towards assets in which there is management optionality, with third-party operators likely to increasingly offer sliver equity and/or key money to help facilitate deals and acquire additional management contracts.” – Zach Demuth, JLL Hotels & Hospitality Group.   Read story

“For a [Sunstone Hotel Investors] deal to get done, take-private pricing would need to be $13.50/share or higher, and perhaps as high as $15/share, in our opinion.” – Michael Bellisario, R.W. Baird   Read story

“For quirky, off-the-beaten-path fun, I like the laid-back simplicity and Texas attitude they are pitching for The Albert in the Hill Country of Texas (part of Hilton’s Curator Hotel & Resort Collection). Having started DDA in Dallas, I am looking forward to seeing how well they pull it off.  I want it to feel local and ideally unpredictable. I really like ‘grass roots’ style of hotels.” – Andrea Sheehan, Dawson Design Associates   Read story

“I think I have more realistic expectations [of AI] informed by direct experience. And I think all of a sudden, in two to three years, there's going to be what appears to be a giant step in seeing capabilities. It has been building behind the scenes along the way. And I think that’s the thing... [It will happen] gradually at first and then all of a sudden.” – Stuart Greif, Forbes Travel Guide   Read story

“We continue to expect there to be U.S. lodging markets that materially outperform as well as those that underperform national averages. Over the medium-to-long term, we expect markets with outsized exposure to leisure transient and group to outperform. However, in the immediate term, those with outsized exposure to inbound foreign travel and continued corporate transient recovery should shine most.” – Ryan Meliker, Lodging Analytics Research & Consulting   Read story

“It is with great pleasure to officially introduce the first asset to iconic Orient Express portfolio of hotels, trains, and sailing yachts.” – Gilda Perez-Alvarado, Accor   Read story

“In a lot of the cities, we’re not finding too many suitable buildings to convert. When there’s a shortage of that, then that’s when the greenfield comes in, especially for tier 2 or tier 3 cities.” – Kahraman Yigit, Olive by Embassy   Read story

“Non-gaming attractions are important to attract a broader range of guests, especially if the domestic market is either restricted from gaming or is not expected to drive gaming revenues for cultural reasons.” – David Moore, WATG   Read story