Quotes of the Week: Trinity, Wyndham, Playa, Aperture

QUOTE OF THE WEEK
“Whether hotels are converted or are built new, the process for adding hotels to a nascent lifestyle luxury brand likely takes more time due to developing or adjusting brand standards than a select-service hotel (at least for NoMad that would be our assumption). Every location and hotel added from a current base of one hotel in London (excluding Las Vegas and the NYC NoMad hotel that did not reopen after the pandemic) will matter a great deal to the brand standard for many years to come.” – C. Patrick Scholes, Truist Securities, on Hilton’s investment in Sydell Group  Read story

“I wouldn’t say that we necessarily have targeted markets; we’re just tracking that core consumer, trends and where they’re going, and then looking to invest in properties there. So, maybe there is a location [we are targeting], but I’d say that’s changed over time, just as consumer preferences have changed.” – John Ege, KSL Capital Partners  Read story

“The Park Hyatt Zurich is the perfect launch of Trinity’s business model into Europe. We were able to identify a compelling business plan for the property under our stewardship and assemble best-in-class partners to undertake the investment. The transaction represents our third hotel acquisition from Hyatt, our seventh globally with Oaktree, and our second globally with UBS AM REPM MM. We could not be more thrilled to extend these relationships into the European arena.” – Ryan Donn, Trinity Investments  Read story

“Our vision is to offer the industry’s most robust portfolio of extended stay brands and the addition of WaterWalk marks an important step in that direction – helping ensure we have an offering in every segment, for every owner and for every guest.” – Chip Ohlsson, Wyndham Hotels & Resorts  Read story

“When a small group of algorithm providers can influence a major segment of a market, competitors are better able to use the algorithm provider to facilitate collusion. This risk is even greater as markets have become more concentrated across a wide range of industries.” – Federal Trade Commission  Read story

“There are openings that we’re working on, including some deals that we signed last year, totaling roughly 1,500 rooms. And we continue to focus on co-creating new brands with our partners and bringing new brands into all-inclusive. This year, we’re opening the first Kimpton all-inclusive on the Riviera Maya, and it will be the first property we manage for IHG.” – Fernando Mulet, Playa Hotels & Resorts  Read story

“We are very open to M&A. It’s more about finding the right cultural fit and the right type of product that’s complementary to what we do, but not way outside of what we do today.” – Charles Oswald, Aperture Hotels  Read story

“Israeli hoteliers are different – more flexible and entrepreneurial. They see the real estate part of hotels and less the ‘branding’. They follow the asset right and not the asset light philosophy of most of the international hotel companies.” – Joseph Fischer, Vision Hospitality & Travel  Read story

“I am deeply honored and humbled to follow the successful leadership of Scott Dalecio and to continue the legacy he has built for three decades overseeing many iconic resorts. I look forward to collaborating with our very talented team as we focus on expanding our portfolio as well as working to boost operational efficiencies and innovation.” – Greg Kennealey, KSL Resorts  Read story