8 Quotes by Smedes Rose

There is already a lot of evidence of demand for mid-level hotel services in places like India and China. A Hampton Inn by Hilton might resonate with the Chinese consumer as quality without being particularly expensive.

Offers will probably get toward $50 (per share), but probably not much above that. We still haven't heard from Colony or Columbia Sussex.

Strategically this deal makes sense. Hilton not only integrates the international component of the Hilton brand, but allows for development of non-Hilton brands outside of the United States.

The Caesar's integration into Total Rewards appears to be capturing a lot of customers.

There's a lot of musical chairs going on.

It was a really good quarter. It seemed to be driven by better results out of New Orleans .... and the Caesar's integration into Total Rewards appears to be capturing a lot of customers.

In some cases, private valuations have surpassed public valuations in the hotel business. I'm surprised this didn't happen sooner.

In our view, shares could face near-term pressure as the company works through high start-up costs associated with Red Rock, increases in promotional spending, and competitive responses.