Eric Resnick
16 statements across 1 episodes · 7 bullish · 3 bearish · 1 people on the record · first statement Jun 19, 2023 by Eric Resnick · across every show →
On the record as a speaker too: Eric Resnick's record, appearances and statements → this page counts the times other people say the name.
Everything said about Eric Resnick, oldest first
Jun 19, 2023 neutral
Resnick: Ancillaries drive up to 70% of resort revenue, unlike urban hotels
“Someone who tends to look at urban hotels, 80% plus of the revenue, maybe even 90% is coming from the hotel room rate. You go into the resort world, perhaps 30%, 40% of the revenue is coming from the hotel room rate. All the other revenue comes from everything…”
Jun 19, 2023 bullish
Jun 19, 2023 negative
Jun 19, 2023 neutral
Resnick: Financial models are 'wrong the moment you start'
“And in doing so, the one thing you know is that you're wrong the moment you start. That's the reality of every model. And we can't take them as gospel because I don't think we've ever hit a model spot on. It's virtually impossible. So it's understanding the im…”
Jun 19, 2023
Jun 19, 2023
Jun 19, 2023 positive
Jun 19, 2023
Resnick on why KSL's only two investment losses involved charismatic founders
“The two times we've lost money, if you can create a theme, I would say is we had a very charismatic seller slash founder of a business that was staying involved, and it was a business that we didn't have as much domain expertise in going into it.”
Jun 19, 2023 positive
Jun 19, 2023 positive
Jun 19, 2023 positive
Jun 19, 2023 positive
Resnick: Stabilizing Complex Assets Unlocks Passive Buyers for Private Equity Exits
“Fundamentally, if we can take a complicated asset, if we can simplify that, stabilize it from a structural perspective, from a physical perspective, upgrade the asset, make sure it's in great condition, Really show the market what it can be. What we do is we o…”
Jun 19, 2023 positive
Resnick: Frontline operational empowerment produces the best long-term business outcomes
“While very inefficient to empower all your people to make individual decisions, because at times you can feel it's like a box of chocolates. You don't know what you're going to get all the time. That leads to the best long-term outcomes.”
Jun 19, 2023 negative
Resnick: Mismanaging resort retail, dining, and spas can wipe out profit margins
“If you don't really understand the complicated rule set of running a retail shop versus running a hotel, running a restaurant versus running a golf course, running a spa versus running a health club, then what can be a 30% margin business can rapidly become a …”
Jun 19, 2023
Resnick: KSL stress-tests downside against GFC and COVID before modeling upside
“And now one of the things we look at a lot is, so how did something do during COVID? And before COVID, it was how did things do during the GFC? And we still have access to that data typically. So we've stress tested this industry incredibly significantly in th…”