Among the noteworthy quotes from stories this week is Remington Hospitality CEO Sloan Dean's talking about his next career move.
“All of the lender types are active right now, including
banks, debt funds, life insurance companies and CMBS, although we’ve noticed a
relative increase in bank activity. We expect that all of these lender types
will continue to be active in 2025, with the balance sheet lenders’ pricing
being a bit more stable... while CMBS pricing will be more volatile.” – Kevin Davis,
JLL Read story
“I’m ready for the next thing. I’m going to take some time
off before moving into my next adventure.” – Sloan Dean, Remington
Hospitality Read story
“Federal policy is reshaping travel patterns in ways that directly impact business planning and hotel profitability. We have always seen muted travel growth during times of economic uncertainty and the duration and extent of the disruption is not yet known. However, to navigate this evolving landscape, commercial teams need a granular, real-time view of demand. Precision—not broad targeting—will define the winners in today’s hospitality market. Consumers and businesses will always return to traveling, but the short-term decisions made to manage this turbulent period are critical as they can affect long-term hotel results for years to come.” – Cindy Estis Green, Kalibri Labs Read story
“Hopefully we can buy other management companies, expand
into Europe and go into other sectors of the hotel business like luxury
lifestyle that we hadn’t touched until now.” – Carlos Rodriguez, Sr., Driftwood
Capital Read story
“We think the future is about high-growth secondary markets
because they are very affluent. They’re well-educated people and well-traveled.
They have expectation, but unmet demand, and that’s the interesting cross
section. You have historic distress around Class B office, and you have
unprecedented government incentives to help defray costs.” – Jon Kully, Left
Lane Development Read story
“Spain and Portugal continue to lag other European markets
in branded economy hotels, with a 10% gap in budget brand penetration, despite
a 142% surge in RevPAR since 2019. We are delighted to partner with Wyndham as
the exclusive developer for Super 8 in Iberia, addressing the need for
well-branded economy hotels." – Rui Alpalhão, Soliteight Read story
“People want to [support sustainability], but it should be a
bit effortless, and that is what we aim to do… We lower the hurdle.” – Inge Huijbrechts,
Radisson Hotel Group Read story
“We are market-share fanatics… Ninety percent of our
portfolio through March is growing market share. From a rate standpoint, 50% of
our portfolio right now is ranked number one or number two in absolute ADR, and
half of our portfolio is growing rate index.” – Adam Patenaude, Dreamscape
Hospitality Read story
“Today’s travelers are seeking experiences that align with
their values, and the early success of Populus Denver shows how deeply a carbon
positive approach can resonate. As we prepare to open Populus Seattle, we’re
continuing to prioritize a holistic and intentional model of responsible
hospitality—one that enriches the guest experience while leaving a positive
impact on both people and the planet. This approach not only reflects what
guests are looking for, but also delivers lasting value.” – Jon Buerge Urban
Villages Read story
“People say we were too slow for the first 20 years, but I
say the fact that the relationship survived for 20 years speaks volumes about
it. It’s obviously predicated on trust and goodwill, and a collective belief on
where we want to go, and I'm mighty pleased we’re able to cross the line today.”
– Rahul Bhatia, InterGlobe Enterprises
Read story