What is it like running a hotel?
Investing in hotels is different than other real estate investments.
They require constant attention due to the transactional operating nature, 24/7 operation, complex inventory and IT systems, larger staff, and specific accounting standards; however, the speaker believes it is a wonderful industry with lower profit margins if investors are aware of the challenges.
Here is just a snippet of what you can learn from the video above:
🏨 Investing in hotels is different from other commercial real estate deals due to the transactional operating nature and unique challenges.
🔍 Careful monitoring of operations is necessary in the hotel industry due to lower profit margins.
💼 Industry experts, like third-party management companies, can handle financials and operational inquiries.
