Quotes of the Week: Meyer Jabara, Hyatt, Matthews Southwest

QUOTE OF THE WEEK
“The stock price is the real-time indicator. Right or wrong, the market is voting every day. Choice shares were just at a 52-week low yesterday but are now up 5% today on Choice indicating that it could walk away. That’s a good indicator of how investors are positioned and where sentiment is toward the deal.” – Michael Bellisario, R.W. Baird Read story

“Meyer Jabara has been national before. Opportunities will arise across the U.S. and we will go where the opportunities are. We are currently working on or have deals represented across the U.S.” – Ian McAuley, Meyer Jabara  Read story

“We are actively working to grow our franchise presence in China while emphasizing the importance of aligning with likeminded owners and operators who are integral to this expansion. We believe that finding the right third-party management companies who share our passion for expanding the Hyatt brand, and will uphold Hyatt’s brand standards, is crucial to our success. That is why our collaboration with HTTG and The Dragon Group is a testament to this philosophy. By pooling our collective strengths and expertise, we can tap into new markets and expand our market share. This approach has proven to be groundbreaking in the industry, and we are confident that it will lead to even greater success in the future.” – Stephen Ho, Hyatt Hotels Corp.  Read story

“In addition, and as Choice has stated before, Wyndham has refused to provide Choice access to any information that may have resulted in Choice’s ability to improve its offer. While Choice is committed to the transaction and would like to work expeditiously to deliver a value-maximizing transaction to Wyndham stockholders, Wyndham’s recent quarterly results give Choice limited confidence in further enhancing its proposal without proper due diligence.” – Choice Hotels statement ahead of Friday share tender deadline  Read story

“I want to thank the board for the opportunity to serve AHLA during this important time. I look forward to working with my team members to continue doing what AHLA does best: serving members and achieving responsible public policy outcomes for hoteliers that advance this outstanding industry.” – Kevin Carey, AH&LA  Read story

“When you’re talking about projects that are 800 rooms and $600,000 a key, you’re talking about massive amounts of savings by going to this tax-exempt model, which allows the cities to get something else done.” – Mike Garcia, Matthews Southwest Hospitality  Read story

“Ultimately, our 2024 view for supply and demand both moderated, driving our occupancy forecast lower. Our outlook for ADR slightly improved, which combined with our reduced occupancy growth outlook, drives a 1.0% decrease to our 2024 RevPAR outlook. However, as the reduction was entirely fueled by occupancy, our hotel EBITDA levels increased slightly. Negative revisions to our hotel EBITDA forecast beyond 2024, along with revisions to the outlook for base rates led our hotel value outlook slightly lower for 2024.” – Lodging Analytics Research & Consulting  Read story