Quotes of the Week: TriO Capital, Hyatt, BWH Hotels, Kasa

QUOTE OF THE WEEK
“It’s been uplifting and inspiring to see how the Hotel Association of Los Angeles and our local hotel community have come together to meet the moment, providing vital support to those in need. We’ve rallied together so many times over the years and, as always, our collective efforts will continue long after the immediate crisis ends. AHLA’s ongoing commitment to ALIS has never been more important, and your investment in our City of Angels will play a vital role in our community’s recovery.” – Adam Burke, Los Angles Tourism & Convention Board   Read story

“The transparency in Australia, the low cost of debt in Japan, the robust nature of Singapore, for example, tend to attract a lot of that capital [whereas] it is a lot more challenging for certain markets in Southeast Asia.” – Tim Alpe, TriO Capital   Read story

“Spain represents our largest market in EAME, and Hyatt is committed to expanding its portfolio in leisure, luxury, and lifestyle segments, across coastal destinations, islands and major and secondary cities.” – Javier Águila, Hyatt Hotels Corp.   Read story

“This transaction reflects our longstanding conviction in New York City and growth in travel. Hotel demand in New York is nearing pre-COVID levels while no new hotel construction permits have been filed in the last three years, creating a compelling backdrop for fundamentals.” – Michelle Gelshteyn, Blackstone   Read story

“It doesn’t matter how we are structured. Our contracts are similar to others except with lower fees. So what if we are an association? That just says we spend our resources on our members’ businesses rather than giving money to shareholders.” – Ron Pohl, BWH Hotels   Read story

“We’re solving an acute problem for owners whose costs have gotten too high. We have clear data demonstrating improved margins and reduced cost structures. That’s a need I don’t expect goes away in the next few years.” – Roman Pedan, Kasa Living   Read story