Quotes of the wek: Discover Collection, Glencove Capital, Broadreach Capital

QUOTE OF THE WEEK
“I’ve told myself that for this new brand, there is no compromise anymore. I only want to work with people I enjoy working with, and who hopefully enjoy working with me and the team. I only want to hire really passionate people. We only pick places that are remote yet reachable, with a lot of culture and meaningful local community [interaction]. Meeting a Massai person and hearing the story of his land and his people from him is so much more wonderful than having a Massai tribe jumping around in front of cameras, which is sad.” – Bernhard “BB” Bohnenberger, Discover Collection   Read story

“I am watching like a hawk on the acquisition front the mid-market, mid-tier. The old Holiday Inns, old Comfort Inns. We’re actually looking at a strategy right now of trying to position Mob in the U.S. so that we can start acquiring these old hotels that have sort of lost their mojo, if you will, and to use those vehicles to really try to scale a Mob in the U.S.” – Glyn Aeppel, Glencove Capital   Watch video

“Act 2 [at Sundance Mountain Resort] really started in May when we broke ground on a new 63-room inn. So, it’s going to be small, low density. I had a deal with Bob Redford that we wouldn’t build anything taller than the tallest tree. So, we really are committed to maintaining his commitment to conservation and the environment.” – Philip Maritz, Broadreach Capital Partners   Watch video

“The second-half growth expectations are underpinned by demand from U.S. election-related events; easier prior-year comparisons; more inbound international travelers; widely anticipated interest rate cuts; and a slight uptick in group and business travel. Urban and airport location hotels are set to outperform, while resort locations will continue to underperform as post-pandemic leisure travel trends normalize.” – CBRE   Read story

“Gen Z and millennials are driving holiday travel spending. Millennials are planning to spend $751 (+12% from 2023), while Gen Z is planning to spend $639 (+42% from 2023). Gen X is planning to spend $481 (-21% from 2023) and Baby Boomers are planning to spend $321 (+2% from 2023).” – PwC   Read story

“It’s a privilege to take on this new role within The Johnson Group. My predecessors built a resilient, successful company. I’m excited by the opportunity to work alongside OTO’s 2,700 team members to continue to build upon OTO’s legacy and successful track record.” – Rob Rain, OTO Development   Read story

“Many of the hotels that fit the profile of a Radisson Individual—independent and boutique hotels—possess they key elements to be part of this collection. It’s a great opportunity for developers to benefit from our resources and the global recognition of the Radisson brand to drive new business to their hotels and lower their cost of customer acquisition.” – Mark Shalala, Choice Hotels International   Read story

“This technology offering is another important step we are taking as part of a new chapter at Aimbridge, providing transparent, collaborative solutions for our owners while holding ourselves accountable in our performance-driven culture.” – Craig Smith, Aimbridge Hospitality   Read story