Any Hotel Bootcamps or Courses?
Anyone know of any hotel or hospitality courses in the RE world? Any good mentors or gurus? Not talking about short term small airbnb rentals.
Looking for hotel/motel/boutique hotel gurus.
Thanks
Most Popular Reply
So if you have any questions feel free to PM me. We own hotels and specifically in the limited service space, it is very profitable from a return standpoint compared to other asset classes, but I also urge those to be cautious and get educated. These assets can typically yield anywhere from 18%+ CoC returns if run properly, but I have seen a lot fail primarily due to poor operators. Most successful hotel operators primarily focus on hotels only and really don't get into other assets like multifamily. This is a time consuming business. I love it and couldn't imagine doing anything else, but it is a commitment. In multifamily, there are lots of buyer types because it is an investment that can be run passively. In comparison, hotels are mix of business and real estate. We achieve much higher returns, but ultimately it is very difficult for these to be considered passive investments. Again, if you want to talk more feel free to PM me, I am always happy to talk to those wanting to learn about the industry.