Welcome to our Winter 2025 edition of the SELECT Newsletter! Our topics include: The role of hotels in smaller cities, particularly in light of increasing business closures due to a lack of succession. Also, how can potential disadvantages for owners be avoided during an operator change? A discussion offers valuable insights. Last but not least, in an exclusive interview, Erik Florvaag, CEO & Managing Partner of The Chocolate on the Pillow Group GmbH, shares how he is navigating his hotel portfolio through these challenging times, including through rebranding. Enjoy the read! Your SELECT Team