hotel industry
1 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Oct 4, 2021 by Barry Sternlicht · across every show →
Everything said about hotel industry, oldest first
Oct 4, 2021 positive
Sternlicht: Pure hotel management contracts cause destructive overbuilding
“Management companies, which only own management contracts, want you to build.
So if you don't build, they don't get revenue and they don't really care how the asset fares, right?
So you would have wild increases in supply, cash flows would crash.
This way, whe…”