Among the noteworthy quotes from stories this week, was designer Kendra
Jones-Lowell talking about the current state of new project development.
QUOTE OF THE WEEK
“I'm still in the cautious boat when it comes to the overall outlook on the economy. I don’t think we are going to see a huge resurgence of projects in the second half. Projects that were calibrated for this economy have shifted [into an active phase]; they are moving forward. As for projects that are already stalled, I don't think we will see some of those projects come back until next year.” – Kendra Jones-Lowell, Rice Fergus Miller Read story
“This is a transformational moment for Hotel Equities. With
HE CALA, we’re investing in a team designed specifically for the future of
hospitality in this region. Juan’s leadership and firsthand experience in the
region, combined with HE’s commitment to local talent and operations, makes us
uniquely positioned to serve hotel owners.” – Ben Rafter, Hotel Equities Read story
“At 58, I have another lifetime of creativity ahead of
me.” – Sonu Shivdasani, Soneva Group
Read story
“KSL intends not only to continue but to strengthen what has
made Soneva a leader in experiential luxury. Following the recent opening of
Soneva Secret, KSL remains focused on expanding Soneva’s operations and further
investing in its existing resorts.” – KSL Capital Partners Read story
“As we continue to operate in a challenging macroeconomic
environment, the company faced headwinds as we pursued ground-up developments. citizenM
originally sought to secure additional growth capital and instead explored an
alternative investment structure [with Marriott].” – Robin Chadha, citizenM Read story
“For them [institutional investors], it’s EBITDA-driven and segment-driven. It’s not like it is here in the United States, They are the new owners of hospitality. You have to address them in a different way. You have to speak to them in a different language. They’ve started to see that economy, and premium economy, now is actually the next big thing, but they do it in a different way.” – Dimitris Manikis, Wyndham Hotels & Resorts Read story