Among this week's newsworthy quotes is MCR Hotels Tyler Morse talking about their pending investment in take-private Soho House.
QUOTE OF THE WEEK
“Our shared goal is to safeguard the member experience,
drive sustainable international growth for House members, and protect and
expand the cultural and creative foundation that has made Soho House a global
industry leader.” – Tyler Morse, MCR Hotels
Read story
“I run a very profitable company, and my profitability
depends on it. If I wasn’t running a sustainable operation and created a
community around it, I wouldn’t have the things that they’re coming to see.
It’s as simple as that.” – Richard Bailey, Pacific Beachcomber Read story
“On the GOP line, maybe you're getting 10% more than a
traditional midscale select-service property, and sometimes more than that,
which makes for a pretty attractive investment profile.” – Justin Roberts, Highside
Companies Read story
“As our 16th hotel acquisition in the last four years, the
hotel [Hyatt Regency Greenwich] is a perfect addition to our portfolio, which
comprises high-quality lodging assets in supply-constrained markets
experiencing demand growth… We see a meaningful opportunity to capitalize on
favorable market dynamics at this transformational renovated hotel.” – Nolan Hecht,
Certares Read story
“It’s worth remembering that there are always more deals
available than there are people who want to make them. NewcrestImage has a
strong balance sheet and a rich inventory of financing options so that we can
be aggressive even in a stagnant or down cycle. Our style is to think big, then
act big to reach our vision.” – Mehul Patel, NewcrestImage Read story
“We are seeing stabilized hotels trading at cap rates
100-200 basis points wide of their historical valuations. These levels, when
borrowing costs are consistently 100 basis points or more inside of cap rates,
offer attractive current income, especially when paired with the capabilities
of Spire Hospitality, our subsidiary hospitality management firm.” – Jon Rosenfeld,
AWH Partners Read story
“Guests will now find all the things they love about the
brand – insider access, a dynamic atmosphere, the unmistakable sound, and
vibrant design – now seamlessly woven into this new experience. This resort is
a statement that all-inclusive can be anything but expected.” – George Fleck, W
Hotels Read story
“The launch of EVT Connect Hospitality, seeded by the
acquisition of PIH, represents a further initiative to grow hotel earnings.” –
Jane Hastings, EVT Ltd. Read story