Quotes of the week: Rocco Forte Hotels, Apple Hospitality, Sands China

QUOTE OF THE WEEK
“We’ve tried a lot of different investment strategies in the hotel space, and we have consistently achieved stronger returns on our investments in high-quality upscale select-service hotels. They generate meaningfully higher margins and can be maintained more efficiently, meaning the capex spend over time is meaningfully less.” – Justin Knight, Apple Hospitality  Read story

“PIF is an excellent partner for us going forward. We have established an extremely good relationship during the course of our negotiations. They share the same vision for the brand and the future strategy of the group with the same ambition to take a long-term view. I look forward to working with PIF to expand the group and improve the high level of service we offer our customers.” – Sir Rocco Forte, Rocco Forte Hotels  Read story

“The success of Hong Kong and Macau can be mutual and spotlight the Greater Bay area. Maybe on some weekends we compete with a live concert here or a convention there, but that’s natural; besides, we’ve always had people going to Hong Kong then tack on to Macau and vice versa, and that won’t go away.” – Kris Kaminsky, Sands China  Read story

“We are living in a world of limited capital. We are competing against other industries for that capital. We must be able to demonstrate to investors looking at our industry that we can basically offer them every conceivable level of flexibility that they are looking for, and that we can deal with any of their queries or concerns on all of the models that are in play in the industry.” – Graeme Dickson, Baker & McKenzie  Read story

“As this transformative period in the hospitality industry continues to gain momentum, is it critical that we translate abstract concepts into profitable ventures within leisure properties? The answer lies in intentional design.” –Tim Peck, OBMI  Read story