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Updated almost 2 years ago on . Most recent reply

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Donald Taite
  • Williamsburg, VA
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Jimmy Klein
  • Investor
  • Houston, TX
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Jimmy Klein
  • Investor
  • Houston, TX
Replied

As a current owner, I can tell you in this business you can achieve great returns, but you have to know what you are doing or you can lose your shirt. First thing to know is, do you want to be an owner operator or an investor. There is a big difference in the two. Since you are new, I recommend staying with flagged properties that way you get support from the franchise and access to loyalty members. I really recommend you invest with others before operating on your own. When I first started out, I invested with a family I knew well. They are good operators. I still invest with them, but have some hotels that I operate on my own as well. 

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