Hotel: Any advice on finding an experienced operator?

5 Replies

A buddy of mine is purching a few hotels.  All of them are vacant, non flagged.   He wants me to go in on the deal with him but I told him I couldn't do much more than write a check and help with financing.  I also told him that I'd only go in on the deal if he brought in someone with experience in not just running a hotel, but taking something from nearly ground up to operational  (i.e., hookups with where to get all the furnishings, contacts with designers, know how to get a hotel flagged, etc.).  

He asked "Where can I find someone like that".  I said "hell if I know.  I'm just a lowly class C apt guy.  But if you find one, I'll invest with you".

Anyway, then I thought "why not ask on BP".   So here ya go.  I don't do much in the way of asking questions but I am curious where you might find someone like that.  I figured sites like indeed will mostly have job seekers (like hotel people that have worked behind the desk, not on a higher operations level).  Then I thought I could smile and dial and 'steal' someone from an existing hotel.  Or heck, maybe someone on BP is or knows someone.

This is in Houston (though I'm in San Diego).  The two hotels come to about 600 doors. 

I used to be a Director with the Four Seasons group and Director of Operations guys or ladies would be an ideal candidate in a similar hotel style as the one you're opening. They know how to take a hotel from the ground up but haven't had their first GM job. It would be a good vertical move for someone that doesn't want to move countries as that's typically how you get your first GM posting. Hope that helps.

Originally posted by @Rick Momsen :

I used to be a Director with the Four Seasons group and Director of Operations guys or ladies would be an ideal candidate in a similar hotel style as the one you're opening. They know how to take a hotel from the ground up but haven't had their first GM job. It would be a good vertical move for someone that doesn't want to move countries as that's typically how you get your first GM posting. Hope that helps.

 Thanks man.  I'll toss a post on Indeed and see what I might get. 

Link for good starter pro forma for your project:

https://www.hudexchange.info/resource/729/sample-development-budget-and-operating-pro-forma-for-a-commercial-and/or-mixeduse-nsp-property/

Check out HCareers or Hospitality Online, more specialty than Indeed.

I am working on the same thing right now, but much smaller, a 26 room motel in upstate NY, vacant and distressed. There are many hotel mgmt. companies that will do everything from feasibility studies to on site management. Search 'hotel mgmt. companies.' Some are niche/luxury, some are for large flagged facilities. A quick search reveals The Valencia Group, VistaHost, Pillar and Dalwadi in the Houston area (those are just the top four that popped up).

I have most of my financing from a local bank but am looking for JV partners if you know anyone who might be interested.

Originally posted by @Jennifer Petrillo :

Link for good starter pro forma for your project:

https://www.hudexchange.info/resource/729/sample-development-budget-and-operating-pro-forma-for-a-commercial-and/or-mixeduse-nsp-property/

Check out HCareers or Hospitality Online, more specialty than Indeed.

I am working on the same thing right now, but much smaller, a 26 room motel in upstate NY, vacant and distressed. There are many hotel mgmt. companies that will do everything from feasibility studies to on site management. Search 'hotel mgmt. companies.' Some are niche/luxury, some are for large flagged facilities. A quick search reveals The Valencia Group, VistaHost, Pillar and Dalwadi in the Houston area (those are just the top four that popped up).

I have most of my financing from a local bank but am looking for JV partners if you know anyone who might be interested.

Thanks.  I actually met a kid that has done this a few times.  But I'll look into some of those other companies for a second set of eyes and an extra opinion.   My worry on this deal is I'm used to going 100mph without the city bogging me down.  This one will have the city all over it and take me much longer 

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