Some noteworthy quotes from the past week, including new
Omni Hotels & Resorts President Kurt Alexander discussing growth, repositioning plans.
QUOTE OF THE WEEK
“We will outgrow some of our existing hotels over the next five years. I could
see us harvesting the bottom 10%, reinvesting it in growth and continuing to
raise the ceiling of our brand.” – Kurt Alexander, Omni Hotels &
Resorts Read story
“There’s now more predictability that interest rates are
most likely going to stay [rather than rise further]. Australia has a strong
GDP. We’re seeing family offices and some of the bigger boys coming back into
the market looking at real estate assets, especially hotels.” – Jan Smits,
Pro-Invest Read story
“Innovative initiatives, based on solutions that have an
impact on our core business, are crucial to achieving the sustainable ambitions
that the hotel industry has set itself.” – Caroline Tissot, Accor Read story
“The commonality tends to be that there’s been a long period
where meaningful capital has now been invested, so the property quality is
underperforming, partly because the product has gotten tired… (or there are)
opportunities for physical improvements. We love it when it’s been the same GM
for the last 10 years, doing the same things.” – Andro Nodarse-León,
LionGrove Read story
“It [the Baltimore property] could be multifamily, it may be
something else. It may be a hotel and self-storage. The traditional model –
finding a piece of land and building a Hampton Inn – is very tough to do right
now.” – Justin Jabara, Meyer Jabara Hotels
Read story
“Returning to the historical home of HICAP at the beautiful,
newly launched Regent Hong Kong presents a unique opportunity for the
hotel-investment community to embrace its roots. The combination of the
announcement of the 2024 dates for HICAP UPDATE in Hong Kong, HICAP in
Singapore and HICAP ANZ in Sydney epitomizes the networking and deal-making
opportunities as well as the overall impact of a brand with such a strong and
respected history throughout the region.” – Jeff Higley, The BHN Group Read story
“Right now, the story is South Asia, probably one of the
most exciting places to be. It’s growing and when I speak to people,
everybody’s optimistic. There’s actual investment. Deals are closing,
especially in India where everybody sees the gaps in the market and rushing in
to fill in those demand gaps.” – Shrikant Dash, Atmosphere Core Read story
“For hotels to find enough staff (300,000 Israelis have been
recruited for active reserve service in the IDF); to have the hotels ready to
take tens of thousands of evacuees from the Kibbutzim towns and cities
surrounding Gaza; to have good food chain supply during the war which is
expected to take weeks isn’t going to be easy.” – Joseph Fischer, Vision
Hospitality & Travel Read story