By Sean McCracken
In the News
Editors recap the opening day of the Americas Lodging Investment Summit with takeaways, quotables and more highlights from the event.
LOS ANGELES—“You’ve got to know when to hold ’em, and know when to sell ’em,” according to a hotel-centric adaptation of the Kenny Rogers classic performed at the opening plenary session of the Americas Lodging Investment Summit.
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ALIS speakers dove into the numbers Monday, talking fundamentals, transaction volume and what to expect in 2018. From left: moderator Rob Kline, Chartres Lodging Group; Carter Wilson, STR; Cindy Estis Green, Kalibri Labs; Mark Wynne Smith, JLL Hotels; and Mark Woodworth, CBRE Hotels. (Photo: Stephanie Ricca)
The theme of this year’s ALIS is “Dealing with the new normal,” and opening day speakers started that conversation with a look at the big questions facing U.S. hoteliers in this period of unprecedented continued growth.
“The question is, what is the new normal as we head into 2018?” asked Jim Burba, ALIS chairman and co-founder of Burba Hotel Network, during the conference’s opening plenary session on Monday. “More deals or less? Is it time to sell? Time to build? Time to hold?”
