Among the noteworthy quotes from stories this week is Starwood Hotels' Barry Sternlicht describing the essence of Treehouse Hotels, which just debuted in the U.S.
QUOTE OF THE WEEK
“Treehouse Hotels bring together all the things we crave but
rarely make space for—nature, spontaneity, fun and games, and a little bit of
nonsense. Silicon Valley didn’t need another sleek hotel. It needed something
human. So, we built a one-of-a-kind hideaway that invites you to climb up,
branch out, and live more freely. It’s a place you’ve never been but have
always belonged.” – Barry Sternlicht, Starwood Hotels Read story
“Bringing Super 8 to Saudi Arabia is a strategic move to
make quality, affordable travel more accessible. As tourism accelerates and
millions of travelers visit the country each year, the demand for dependable,
budget-friendly accommodation continues to grow, whether you are travelling for
business or leisure. Our collaboration with Le Park Concord allows us to meet
that need.” – Dimitris Manikis, Wyndham Hotels & Resorts Read story
“The CMBS market is experiencing disruption and spreads are
widening with an average quoted spread increase of 50 basis points… CMBS
underwriters are encouraging borrowers to complete the application process (30
days), take a longer view and be in a position to lock if rates come down. CMBS
pricing will continue to be volatile and subject to upward and downward swings
in the market.” – Joe O’Loughlin. HREC Investment Advisors Read story
“The City Council delivered a blow to Los Angeles today.
Time after time, the Council ignored the dire warnings from top city officials
and business leaders who stressed that this is not the time to pass an extreme
ordinance that will kill jobs and hurt the tourism industry. Instead, the City
Council elected to jeopardize economic recovery and stability by advancing
policies that will lead to hotel closures and thousands of layoffs. The impact
of the vote will sadly be felt both swiftly and painfully by hotel owners,
their employees, and the city itself.” – Rosanna Maietta, American Hotel & Lodging
Association Read story
“We’re changing, and you can see it every day, like the
tacos [in Mexico] are not as hot as they were before. But I think globalization
is here, and as humans, we’d like to go where we’re welcome, and that will
continue to drive business.” – Luis-Rene Sanchez, Wyndham Hotels &
Resorts Read story
“That average consumer is reporting that they have 24%
higher national median household income than the U.S. average, and 20% are over
$200,000. So, we have a stronger consumer in our business.” – Patrick Pacious,
Choice Hotels International Read story
“It’s not the technology that’s the problem. It’s that you
haven’t thought through what the what is, what your outcome is and what the
processes need to be. Technology is never going to solve that if you don’t
figure that out.” – Valerie Parkes, Choice Hotels International Read story
“I’ve heard some people say that getting deals approved is
taking longer. We’re not seeing that... When you have the right project in
front of the right people, deals are happening today.” – Eileen Kett, Club
Med Read story
“The entry of Raffles into the Italian market confirms the
growing appetite of luxury hotel brands for this region.” – Marco Zalamena,
EY Read story