Stakeholder Alignment

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Insider

Portnoy’s lack of complaint

Body
If you’re a brand company which has management or franchise agreements with a Reit  - and that’s a fair few, given that Reits aren’t allowed to get into putting the mint on the pillow game themselves - you will have been watching SVC’s antics with a quickly-beating heart.

The Latest

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    Pandemic
    Service Properties Trust has received a notice of termination from Hyatt with respect to the management agreement for 22 Hyatt Place hotels owned by subsidiaries of SVC.
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    Results
    Dalata Hotel Group said that it was working with developers and site owners around the UK on potential new developments, with investors drawn to the group’s strong covenants.
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    Insider
    This week on In Focus we heard Andrew Harrington talking about the potential for more flexible, hybrid leases. Last month we heard from Pandox CEO Anders Nissen about how the move away from global to local brands would help encourage the big brands to be more flexible. 
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    Inner Circle
    As hopes rose about the global rollout of a vaccine to allow us to leave the pandemic behind, owners were eager to hold onto some of the gains made from the brands and keep costs down. Sagar V. Shah, Dharam Goragandhi and Rich Gandhi, co-founders of Reform Lodging, called on the leading global operators to consider eliminating or reducing complimentary breakfast requirements. Polling of Reform Lodging members revealed that 90% were requesting change, as we entered the next phase of the pandemic.
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    Covid-19
    Marriott International CEO Arne Sorenson said that, since the group’s third-quarter earnings, the near-term had got worse in terms of the spread of the pandemic, but news of a vaccine had meant that the medium and long term looked better.
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    Video - In Focus
    Results are rolling in from the big global players as both Accor and IHG announced results this week. IHG refer to a muted recovery while Accor calls on discipline. And what will be of Marriott? We also hear from Vrbo's Karen Mullins as she describes how the Expedia group's brand is performing with continued rise in extended stay.  And Alexi and Katherine are placing bets, join us to find out what is at stake! Watch the latest In Focus episode here. 
  • Fronts Eyebrow Descriptor
    Video - In Focus
    Results are rolling in from the big global players as both Accor and IHG announced results this week. IHG refer to a muted recovery while Accor calls on discipline. And what will be of Marriott? We hear from Vrbo's Karen Mullins as she describes how the Expedia group's brand is performing with continued rise in extended stay.  And Alexi and Katherine are placing bets, join us to find out what is at stake!