Quotes of the Week: STR, Hyatt, L+R, Portman

QUOTE OF THE WEEK
“Unrelenting uncertainty and inflation, coupled with tough calendar comps and changing travel patterns, have caused lower demand. Additionally, as the year has unfolded, we’ve seen rate growth converge closer with demand. We expect little change in the economic outlook over the next 18 months, but we are optimistic that once trade talks have concluded and the impact of the budget reconciliation bill comes to fruition, hotel performance will recover.” – Amanda Hite, STR   Read story

“As we lap easier comparisons to last year, we believe RevPAR could be up in the low- to single -digits for the balance of the year. We anticipate our properties in Asia Pacific, excluding Greater China, will have the strongest growth in RevPAR of any geographic regions as they continue to benefit from significant international inbound travel in Europe.” – Joan Bottarini, Hyatt Hotels Corp.   Read story 

“Our momentum continued in the first half of 2025, with further achievements in accelerating the growth of our brands, expanding in key geographies, strengthening hotel owner returns, driving ancillary fee streams, delivering cost efficiencies, and returning surplus capital to shareholders,” said IHG Hotels & Resorts CEO Elie Maalouf. “We remain on track to meet full year consensus profit and earnings expectations. While some shorter-term macroeconomic uncertainties remain, many are subsiding, and we are confident in the ongoing successful delivery of our growth algorithm.” – Elie Maalouf, IHG Hotels & Resorts   Read story

“This strategic acquisition marks the next chapter in Choice Hotels’ 70-year presence in Canada, Canada presents an attractive opportunity with the lodging market projected to grow at an average annual rate of more than 5% over the next five years, reaching over $50 billion in total revenue by 2030.” – Patrick Pacious, Choice Hotels International   Read story

“The pipeline of single assets, portfolios and platforms available (or expected to become available) on an off-market and marketed basis in the near-to-medium term is robust. Both L+R and Midstar have decades of experience in transacting across this region and will make full use of our combined networks and deal sourcing capabilities.” – Cody Bradshaw, L+R Hotels   Read story

“Generally, trades that are occurring are smaller in size and being consummated with financing through debt funds with less restrictive requirements than large banks, and regional banks with more favorable spreads. However, so far this year there have been several large hotel sale transactions of ‘trophy’ properties and/or institutional grade assets that can be acquired for less than replacement cost.” – Daniel Lesser, LW Hospitality Advisors   Read story

“We would expect to continue to see over the next few years that we would have, call it roughly a third of rooms opening that are conversions… We will continue [strength] in the conversion space. As we look at a pipeline that is over 5% higher than a year ago, with this heightened element of several years of conversions, we’re confident that we’re building the track record for mid-single digits net rooms growth over the next several years.” – Leeny Oberg, Marriott International   Read story

“I’m excited about the investments we’ve made in our core portfolio, as we continue to enhance asset quality and strategically allocate capital… We are confident that reinvesting in our portfolio is the highest and best use of our capital, positioning us for sustained growth and outperformance.” – Thomas Baltimore, Park Hotels & Resorts   Read story

“We are a great engine for the recycling of intellectual property in the hotel space and bringing the more impactful, iconic brands to where they need to be for the next cycle of that box’s useful life.” – Kaunteya Chitnis, Portman Holdings   Read story

“Our activity in Spanish hotels, with an emphasis on the luxury and convenience segments, is in line with of our wider thematic focus on the European accommodation sectors, covering living, hospitality and everything in between, where there is a shortage of institutional-quality product relative to investor demand.” – Saul Goldstein, ActivumSG   Read story

“The Detroit hospitality market has become very dynamic and has many more demand drivers than just automotive companies. In that time, we opened the Element Detroit at the Metropolitan [Building], where we also operate the Monarch Club rooftop bar and The Lone Goat pub on the ground floor, and then converted [an] Aloft to the Hotel David Whitney, Autograph Collection (which opened last year).” – Adam Dahan, Azul Hospitality Group   Read story

“The Nashville hospitality market continues to demonstrate impressive growth and resilience, particularly in the future East Bank district, which is poised to become a vibrant epicenter anchored by Oracle's forthcoming headquarters.” – Pranav Bhakta, Driftwood Capital   Read story