Quotes of the Week: Wyndham, Hyatt, Sage, CBRE

QUOTE OF THE WEEK
“ADR [for Echo Suites] will vary by property based on a variety of factors. That said, we anticipate RevPAR in the mid-$60 range with occupancy running between 80% to 85%.” – Krishna Paliwal, Wyndham Hotels & Resorts   Read story

“Our collaboration with Lindner was a significant step forward for our distribution in the EAME region, expanding our brand footprint and offering many new locations to our 46 million World of Hyatt members. We look forward to driving further growth for Hyatt’s lifestyle portfolio with me and all hotels – together with Lindner as well as other development partners and franchisees, across Europe and beyond.” – Felicity Black-Roberts, Hyatt Hotels Corp.   Read story

“We have already started to see some mitigation in construction cost pressures, at least on the materials side, although development financing and labor still generally remain a challenge. Given the amount of time it takes for hotel construction and the likely viability of some of these projects coming to fruition, we anticipate that supply growth will materially accelerate in 2029/2030.” – Zach Demuth, JLL Hotels & Hospitality   Read story

“If the equity makes sense, and the borrower can make it pencil, the lender typically can as well… When the borrower’s underwriting is possibly a bit too aggressive, that’s where lenders struggle.” – Michael Straw, CBRE   Read story

“One Ocean has not received much investment over the past couple of years,” he said. “Together with our partners, we saw an opportunity to reposition the resort to continue to attract modern travelers, as well as neighbors, year-round.” – Daniel del Olmo, Sage Hospitality   Read story

“We recently refinanced all of our hotels, so we’re in great shape, and we’re switching gears and focusing on conversions, like [luxury safari camp] Finch Hattons.” – James Bermingham, Virgin Hotels Collection   Read story

“Where a particular asset [in the U.K.] meets all the investment criteria, we have seen certain buyers willing to pay full prices for these assets.” – Henry Jackson, Knight Frank   Read story

“We believe Room Mate now operates from a position of financial strength with no debt and a target EBITDA of €40 million in 2025 for the combined entity.” – Jacopo Burgio, TPG Angelo Gordon   Read story

“These countries are bound to follow the passport obtainment rate of at least 80% in the EU and the U.K. So, there’s at least a billion Chinese, and another billion Indians, waiting to get a passport. That’s a really scary number.” – Kosin Chantikul, Minor Hotels   Read story