Although you hear great things about hotel recovery, the industry is still not back. Lots of inner-city construction is not feasible for a pure and simple hotel. It doesn't work.
More Quotes from Patrick Ford:
They're very highly respected in the industry and among investors because of their ability to turn profits.Patrick Ford
People are putting this thing as if Lewis is the champion and Denny the challenger. Denny is going to retain his title. He will still be the champion when all this is over.
Patrick Ford
Accommodations are more like those of a dormitory than a hotel. These hotels are operating with few staff members, as a majority of hotel workers were among the thousands of people ordered to evacuate. Those hotels providing temporary shelter today will require significant refurbishing in the future before resuming normal operations and welcoming the traveling public.
Patrick Ford
Lenders are always looking at the borrower in terms of ability to pay off the loan. If the borrower is going to have a much smaller loan, it's more feasible for the lender. It's less risky and a better transaction.
Patrick Ford
In the top markets we'll take our hotel expertise and replicate it for other industries, like retail and commercial office buildings. We want to become the real estate specialist in the top 50 markets.
Patrick Ford
The tenures of these top-ranking CEOs are not short-lived. They had an average tenure of 21 years to repeatedly prove themselves.
Patrick Ford
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