Stephen Bollenbach Quotations

We want to continue getting out of the real estate business and more into the fee business.

We don't intend to make any sort of counter-offer.

One of their fundamental strategies was the same as ours - to move into businesses that were fee-driven and not so capital-intensive, and that is managing hotels instead of owning them.

There are a lot of bargains out there, ... Every acquisition you make is accretive to earnings. It's a real value creator.

We see very strong demand now. It's really good times for our business. From a hotel perspective it's boom times.

Events change, and events have changed a lot in the last couple of weeks,

We've been working on this deal one way or another for the past 10 years.

We like to have an investment grade ... now one of our objectives is to grow income and pay down debt.

This has been an enormously difficult period for America and for the travel industry. But the trends we have seen since mid-September are validating our philosophy of managing for a recovery, ... We will see steady improvement in 2002.

He is a terrific guy. It is easy to be friendly with him.