Quote of the week
“Get ready because we will present an organic and bold plan to the board because this brand deserves it.” – Barbara Muckermann, Kempinski Hotels Read story
“And quite frankly, as a real estate developer, I don’t want to see prices pushed down too far too quickly because then you get overcrowding and a lot of bad deals, which doesn’t really help anyone.” – Stephen Wendell, Mountain Shore Properties Read story
“It’s about connecting the owner with the appropriate capital investments, the appropriate economic development boards, the TIFs and other types of lenders so they can access and preserve their equity.” – John Lancaster, Choice Hotels. Read story
“All of the residents who were displaced from their homes and living in hotels and condos have been relocated to more permanent housing, which is fantastic. Hotels are back in traditional business and business is starting to grow pretty quickly in West Maui. We are very pleased with the occupancy rate right now and it is getting better every month. We purchased the Outrigger Kaanapali Beach Resort two weeks before the wildfires, so as you can imagine we are still building out that property; but it is evolving very similarly to the other hotels in that market. We are in the planning stages for the future of that hotel and will be announcing that shortly.” – Jeff Wagoner, Outrigger Resorts & Hotels Read Story
“In any construction project of any size (in Australia), it is generally assumed that at least one of the key subcontractors will become insolvent during the construction period. This is a real concern for any developer and any financier. This is why financiers place so much emphasis on carefully vetting not only the developer but also the contractor and understanding their record and work.” – Kenneth Nguyen, Ashurst Read story
“Selina’s innovative approach to combining work, leisure and culture aligns perfectly with his vision of creating unforgettable experiences for our Millennial and Gen Z guests. This acquisition not only expands our property portfolio, but also reinforces our commitment to redefining hospitality in the modern era.” – Gary Murray, Collective Hospitality Read story
“It is a real win-win for both companies. It broadens our development horizons without compromising our existing brand portfolios and allows us to leverage potential customers who may not be a good fit with our current brand offerings.” – Siradej Donavanik, Dusit Hotels and Resort, on their deal with Generator. Read story
