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Patrick Ford Quotes
«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.»
«I would not be gloom and doom because it is not at all gloom and doom.»
«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.»
«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.»
«If you're a developer, the first criterion is that a hotel must be justified on that spot. If a hotel isn't justified, it should not be built.»
«Those hotels providing temporary shelter today will require significant refurbishing in the future before assuming normal operations and welcoming the traveling public,»
«The number of reported closings is likely to rise as communications systems are restored and the extent of the damage will become better known as certain areas like New Orleans are reopened to travel, allowing hotel owners and manager and insurance adjusters to travel to the affected areas to make property assessments,»
«Accommodations are more like those of a dormitory than a hotel, ... Those hotels providing temporary shelter today will require significant refurbishing in the future before resuming normal operations and welcoming the traveling public.»
«The number of reported closings is likely to rise as communications systems are restored and the extent of the damage will become better known as certain areas like New Orleans are reopened to travel, allowing hotel owners and managers and insurance adjusters to travel to the affected areas to make property assessments.»
«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.»