PERSONALITIES
The group continues to look for offmarket , buy-below-replacement-cost opportunities and most recently acquired an asset in Kuai , Hawaii , that will be repositioned . Bigger picture , Warner says he hopes EPHP can add two to three assets a year .
Warner believes that asset prices are reflective of a very optimistic outcome . “ They are too high . They ’ re really aggressive ,” he says , adding that he expects to see a minor reset in the near term .
The Anvil Hotel in Jackson Hole , Wyoming
THE RIPPLE EFFECT Business consideration aside , throughout this interview Warner , an Eagle Scout , a volunteer at his local nursing home and youth governor of Delaware in 1993 , comes back to his concern about the ongoing disconnect in society and how hoteliers have opportunities to be net contributors to generate a better balance of how humanity exists . So far , he says , many of his contemporaries are doing poorly and spending way too much time figuring out more Instagram-able moments .
“ I would just want to make sure that everybody makes decisions , knowing the ripple effect of them ,” he says . “ It ’ s not just about the bottom line , but it ’ s about the impact to all aspects of how hotels exist in a place , the impact on staffing , the impact on the community , the impact on the guests , and really just being conscious of our decisions … There is not just one layer of impact – our decisions have a ripple effect . That ’ s how we need to exist going forward , or we will all continue to be imbalanced in our communities .”