Industry NewsThree Hotel Execs on What's Ahead

Three Hotel Execs on What’s Ahead

Hotel development and investment executives share where they think we are in the lodging cycle and their positioning for 2019.

“It’s all about picking the right opportunities.”

Brian Waldman

“For us, it’s all about picking the 
right opportunities where we can create value. I’m not sure that, as an investor, now is the right time to ‘buy the market.’ As we go through the cycle, at some point there’s going to be a pullback, and I think we’re closer to the end of the cycle than we are to the beginning.”

Brian Waldman

Senior Vice President of Investments
Peachtree Hotel Group

“I don’t see anything that’s out of balance.”

Todd Hricko

“I don’t see anything but positive things for our brand as well as the industry. I don’t see anything that’s out of balance that would lead to a slowdown within the next couple of years. I think [the industry] has done a pretty good job of controlling the new supply.”

Todd Hricko

Senior Vice President and Head of 
Global Hotel Development
Hard Rock International

“We’re focused on getting ahead of that curve.” 

Bill Wilhelm

“Right now, we’re looking for 
opportunities with strong developers and hoteliers who have proven track records because they’ve been through the ups and downs and understand the industry as well as anyone. I am seeing signs that major renovations, repositionings, and PIPs are on their way back. We’re focused on getting ahead of that curve.”

Bill Wilhelm
President
R.D. Olson Construction

RELATED ARTICLES

Dreamscape Hospitality Assumes Management of Three Hotels in Houston

HOUSTON, Texas—Dreamscape Hospitality announced that it has assumed management of three hotels in Houston, Texas. "We are excited to deepen our presence in Texas through...

Hilton Announces Plans to Debut Spark by Hilton in Puerto Rico

PONCE, Puerto Rico, and MIAMI, Florida—Hilton announced the signing of Spark by Hilton Ponce, marking the upcoming debut of the brand in the Caribbean...

Wyndham Announces Partnership With Cygnett

DELHI—Wyndham Hotels & Resorts announced a new strategic alliance with Cygnett Hotels & Resorts that will not only introduce its La Quinta by Wyndham...

New Pyramid Global Hospitality COO Continues Focus on Big Data to Benefit Owners

Pyramid Global Hospitality Chief Operating Officer Eric Habermann retired in April following seven years with the company and a nearly 40-year career in hospitality....

Grand Hyatt Kauai Resort & Spa Launches Scholarship Program

Grand Hyatt Kauai Resort & Spa, a 605-room resort, announced the launch of a scholarship program to support the continued education of its colleagues...

Hilton Surpasses 500 Hotels in Florida

MCLEAN, Virginia, and MIAMI, Florida—Hilton announced a major milestone as the company surpassed 500 open hotels across Florida. This growth was fueled in part...