Hotelier Again Rides a Wave

The Wall Street Journal, Wednesday, August 17, 2011: THE PROPERTY REPORT

HOTELIER GELLER AGAIN RIDES a WAVE,  By KRIS HUDSON

“Boom and bust hotelier Laurence Geller is on another upswing, having orchestrated a string of clever deals this year to rescue Strategic Hotels and Resorts Inc. and its trophy hotels from the brink of financial ruin,”

“While Laurence definitely has done  lot of things to improve the company since the downturn, he was responsible for the ship through the life of the process,” says Enrique Torres, a lodging analyst…”

I like this:  He is riding a wave and responsible for the ship, two great idioms.

Here’s another: “Mr. Geller became known for playing hardball with the hotel brands that operated Strategic’s hotels, threatening to sue or put the properties into bankruptcy to break the management contracts and win the terms he wanted.”  Playing hardball equals playing tough.

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