Hospiria’s Post

Elevate Your Investment Game: Discover the Blueprint for Hotel Success! 🏨 Hotel investing is about more than just buildings and numbers; it’s about creating an experience that draws people in and keeps them coming back. Here’s a quick breakdown of what I look for in a successful hotel deal: 1. Location, Location, Location 📍 The right location is everything. Whether it’s near bustling business districts, popular tourist attractions, or scenic waterfronts, a well-placed hotel can draw high demand year-round. Proximity to beautiful natural surroundings or key attractions keeps occupancy rates steady, driving reliable returns and long-term value. 2. Diverse Revenue Streams 💰 A good hotel doesn’t just rely on room bookings. Revenue can come from events, dining options, and even small luxuries like spa services or co-working spaces. I make sure to find properties that offer more than one way to generate income, keeping things flexible and resilient. 3. Condition & Potential for Upgrades 🛠️ Some properties just need a little updating to shine. By making strategic improvements—whether it’s updating rooms or adding a rooftop lounge—I look for ways to increase the property’s appeal and, with it, its revenue potential. 4. A Strong Management Team 📊 A well-run hotel relies on an experienced management team. They’re the ones making sure guests have a great experience while the business side stays efficient. I always prioritize properties with a proven management team that knows how to balance service and profitability. 5. Unique Identity & Market Position 🌟 A hotel’s brand can be its biggest asset. Whether it’s a familiar name or a boutique vibe, a distinct brand identity draws in loyal guests. Properties with a unique appeal stand out in a crowded market, making them more resilient in the long term. Hotel investments aren’t just about properties—they’re about building memorable experiences and creating value in vibrant locations. With the right approach, hotels can be exciting, rewarding ventures that offer a little something for everyone involved. 👉 What do you think is the most important factor in a successful hotel investment? Let me know in the comments! #HotelHannah #RealEstateInvesting #HotelIndustry #BuildingWealth #RealEstateJourney #FinancialFreedom #BusinessGrowth #TravelIndustry #WealthBuilding #LinkedInCommunity #InvestingInsights

Hotels should always seek to get the most out of every inch of their real estate. Where can we strike more value for our business and our guests? Well, technology is allowing them to better pinpoint and manage those opportunities. Thanks to the evolution of advanced technology in hospitality, hotels can better monetize spaces around their real estate. #Hotels #HotelManagement #Technology

💡 Hotel Development 101💡- #06 Hotel Conversions For developers, speed and monetization are often top priorities in hotel projects. The traditional hotel development process, spanning 3-5 years from inception to opening, coupled with an additional 3 years for cash flow stabilization, can make it a less appealing investment compared to residential projects, which yield similar returns in a shorter timeframe. This is where hotel conversions present a compelling alternative. By repurposing an existing commercial asset such as an office building or acquiring a property for transformation with a new hotel operator onboard, developers can significantly reduce time and costs. Below are the key considerations for a successful hotel conversion strategy: ✅ Develop Comprehensive Short and Long Term Strategies 🔵 Conduct in-depth market research to identify gaps and opportunities. 🔵 Perform financial feasibility studies to evaluate market dynamics and ensure alignment with the developer’s expected returns. ✅ Hotel Operator Search & Selection 🔵 Assess the value a prospective hotel brand brings, including its strengths in distribution, reputation, and market reach. 🔵 Decide between a white-label option or leveraging an established brand within the operator’s portfolio. ✅ Property Improvement Plan (PIP) Collaborate with the hotel operator to prepare a robust Property Improvement Plan (PIP). Key components include: 🔵 Hotel Conversion Program 🔵 Refurbishment Plan 🔵 FF&E (Furniture, Fixtures & Equipment) and OS&E (Operating Supplies & Equipment) Budget 🔵 Pre-Opening OPEX Budget 🔵 Working Capital Requirements 🔵 Hotel Taskforce & Onboarding Plans 🔵 Financial Forecasts ✅ Design & Refurbishment 🔵 Partner with the hotel operator to align the design with their brand standards, focusing on guest rooms and facilities. 🔵 Consider a Design & Build approach for a fast-track solution to expedite the conversion process without compromising quality. Pro Tip: Thoughtful planning and efficient execution of hotel conversions can save both time ⏰ and money 💰 while providing a quicker route to monetization. #hoteldevelopment #realestate #sustainability #originalcontent #thoughtleadership #hotelconversion #propertyimprovementplan

Parking often gets overlooked as a revenue stream for hotels, but why? 🤔 While we focus on room occupancy and F&B margins, parking spaces near high-demand areas like airports and convention centers can generate serious income – without a hefty upfront investment. With the right technology and partnerships, hotels can easily sell excess parking inventory to non-guests, boosting NOI. 💡 #HotelManagement #RevenueGrowth #ParkingSolutions #TechInnovation #NOI https://lnkd.in/gtD3jv_j

In this episode, Matt McElhare, VP of Extended Stay at Choice Hotels International Hotels, shares exciting insights on the rapid growth of the extended stay segment. From reaching the milestone of 500 extended stay hotels to discussing the brand’s innovative strategies, Matt highlights the future of this booming hospitality sector. 🔑 Key Highlights: 500th Extended Stay Opening: How Choice Hotels has scaled from 100 to 500 extended stay properties since 2018. Growth Driven by Woodspring Suites: Insights into the acquisition of Woodspring and its role in driving rapid expansion. Four Extended Stay Brands: Everhome Suites, Woodspring Suites, MainStay Suburban, and Suburban — each with a unique market strategy. Reinventing Suburban & MainStay Brands: How Choice Hotels is revitalizing these brands with new strategies like the "kitchen in a box" and "lobby in a box" models. Everhome's Market Opportunity: A look into Everhome’s focus on the high-potential midscale segment of extended stay hotels. Extended Stay Conversions: Choice Hotels’ approach to converting select service hotels into extended stay properties for quicker market entry and increased profitability. Impact of Interest Rates & Financing: Matt shares insights on how interest rate cuts and proven product performance are helping developers secure financing and grow in the extended stay space. The Future of Extended Stay: With 400 more hotels in the pipeline, Choice Hotels plans to continue its aggressive expansion strategy. 🎧 Listen to the full conversation to learn why extended stay is the hottest segment in hospitality today! 📌 Subscribe for more expert insights into hospitality trends and real estate development. Text Hotel to 66866 to get our newsletter. #ExtendedStay #ChoiceHotels #WoodspringSuites #HospitalityGrowth #RealEstateDevelopment #MattMcAleer #EverHome #MainStay #HotelIndustry #BusinessStrategy #InvestingInHospitality #HotelDevelopment

📽️ NEW Industry focused: The 'hotelification' of real estate In our latest industry-focused video series, Abode Worldwide’s founder Jessica Gillingham shares her insight into the hotelification of real estate. 🏨 As hospitality principles transform real estate, sectors like build-to-rent and multifamily are learning from the hotel industry's tech-driven advances and service orientated mindset. We’re seeing a convergence—operators now offer hotel-like experiences, flexible accommodations, and community-focused amenities. The takeaway? Look sideways. See what neighboring sectors are doing, from tech solutions to customer experience. Meeting customer expectations isn’t just an add-on; it’s essential for growth.   #Hotelification #RealEstateInnovation #Lodging #HospitalityTech #CustomerExperience

In this episode, Matt McElhare, VP of Extended Stay at Choice Hotels International Hotels, shares exciting insights on the rapid growth of the extended stay segment. From reaching the milestone of 500 extended stay hotels to discussing the brand’s innovative strategies, Matt highlights the future of this booming hospitality sector. 🔑 Key Highlights: 500th Extended Stay Opening: How Choice Hotels has scaled from 100 to 500 extended stay properties since 2018. Growth Driven by Woodspring Suites: Insights into the acquisition of Woodspring and its role in driving rapid expansion. Four Extended Stay Brands: Everhome Suites, Woodspring Suites, MainStay Suburban, and Suburban — each with a unique market strategy. Reinventing Suburban & MainStay Brands: How Choice Hotels is revitalizing these brands with new strategies like the "kitchen in a box" and "lobby in a box" models. Everhome's Market Opportunity: A look into Everhome’s focus on the high-potential midscale segment of extended stay hotels. Extended Stay Conversions: Choice Hotels’ approach to converting select service hotels into extended stay properties for quicker market entry and increased profitability. Impact of Interest Rates & Financing: Matt shares insights on how interest rate cuts and proven product performance are helping developers secure financing and grow in the extended stay space. The Future of Extended Stay: With 400 more hotels in the pipeline, Choice Hotels plans to continue its aggressive expansion strategy. 🎧 Listen to the full conversation to learn why extended stay is the hottest segment in hospitality today! 📌 Subscribe for more expert insights into hospitality trends and real estate development. Text Hotel to 66866 to get our newsletter. #ExtendedStay #ChoiceHotels #WoodspringSuites #HospitalityGrowth #RealEstateDevelopment #MattMcAleer #EverHome #MainStay #HotelIndustry #BusinessStrategy #InvestingInHospitality #HotelDevelopment

📜 Leveraging knowledge via location proximity among hotels and short-term leases Ever wondered how the geographical closeness of properties managed by the same entity impacts their competitive edge in the hospitality world? The latest study developed with my mentors Manisha Singal and Florian Zach, published in the #InternationalJournalofHospitalityManagement dives deep into this question, revealing some intriguing findings. Key Highlights: -Properties in close proximity, managed by the same hotel company or short-term lease host, gain a significant competitive advantage. -For short-term lease properties, a denser cluster under the same management means stronger competitiveness— a trend not mirrored in the hotel sector. -Digital platform synergy: More listings, more competitive power. The research doesn't just shed light on the importance of physical closeness but also the pivotal role of knowledge management. It draws a fascinating line between traditional hotel setups and short-term leases, urging a tailored strategic approach for each. 🔍 Why It Matters? In the evolving landscape of hospitality, understanding these dynamics can be a game-changer for industry professionals. Hotel owners are advised to partner with management companies skilled in knowledge transfer across nearby properties and specialized in their hotel class to counter competition. Short-term lease hosts should aim for investments near their current properties, listed on dominant platforms, to strengthen their market position. Importantly, our research reassures new hosts that platform-derived knowledge can effectively level the playing field against more experienced competitors. 📚 Dive into the full paper to explore how geographical proximity and digital presence can be leveraged for unparalleled competitive advantage in the hospitality industry. https://lnkd.in/eXBY6qZz #HospitalityIndustry #CompetitiveAdvantage #DigitalTransformation #ScholarlyResearch #IJHM

In this episode, we dive into the world of scaling short-term rentals through boutique hotel investment with Blake Dailey, a real estate investor who’s made waves in the Airbnb and boutique hotel markets. As Airbnb’s popularity shifts, many investors are looking for alternatives to increase profitability and provide unique guest experiences. Blake shares his strategies for finding high-potential boutique properties, implementing direct booking strategies, and maximizing revenue through added amenities and efficient operations. If you’re interested in passive income from real estate or learning how to scale from single-family Airbnb properties to larger boutique hotels, this conversation is packed with valuable insights. 📌 Topics Covered: ✅ Scaling Short-Term Rentals: Moving from Airbnb rentals to boutique hotel investment ✅ Airbnb Alternatives and Market Trends: Why direct bookings and boutique hotels are rising in popularity ✅ Boutique Hotel Investing Tips: Insights on finding, evaluating, and purchasing boutique hotel deals ✅ Property Management Automation: Leveraging virtual reception and tech for efficient STR operations ✅ Revenue Management and Value-Adding Amenities: Maximizing revenue through amenities and tailored guest experiences Thanks for watching today’s episode on scaling short-term rentals with Blake Dailey! From real estate investing tips to the advantages of boutique hotel investments, we’ve covered a lot of ground. As Airbnb continues to evolve, many investors are finding that alternatives, like boutique hotels and direct booking platforms, can provide a profitable and unique approach to short-term rentals. Remember, successful STR management is all about creating a memorable guest experience, making smart investments, and staying efficient with automated operations. Tune in to hear the full insights 👉 https://lnkd.in/d2EzjETg #airbnb #airbnb2024 #boutiquehotels #airbnbexpert #airbnbcoach #realestate 

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