As seasoned lenders in the hotel industry, we’re privy to the nuances of hotel ownership. Looking to expand your portfolio? Considering hotel ownership for the first time? There are a number of things to consider before diving in. From site selection to marketing and management, these considerations can sometimes seem paralyzing.
In our experience, we’ve found that hotel owners often need clarification around subjects like alternative financing structures, construction risks, and choosing a management company, which is why we teamed up with hotel experts to provide additional insight into these topics. Our Hotels Insights webinar series was created to be a one-stop-shop for hotel owners looking for guidance on topics surrounding appraisals, assessment financing, hotel construction, feasibility studies, hotel acquisition and management.
Listen to our insights webinar series below to get insight into common mistakes developers make during construction projects, why appraisals are necessary, how partnering with a hotel management company can set you on the road to hotel ownership success and more.
- Appraisals – Evan and Dan
Live Oak’s Mike McGinley along with Evan Weiss and Daniel Lesser of LW Hospitality Advisors kick off the Hotel Industry Insights Webinar Series and cover all things appraisals. What is the objective of appraisals and why are they necessary? What information should business owners have in hand before an appraisal is conducted? These are common questions and Evan and Daniel do a great job explaining their answers.
- Assessment Financing – Joe Euphrat
If you haven’t heard of PACE financing yet, this is the Hotel Industry Insights episode for you. Join Live Oak’s Jamie Bourgeois along with Joe Euphrat of CleanFund as they talk through what Property Assessed Clean Energy (PACE) financing is and how it can be used to benefit businesses.
- Construction – Mike Sarona
If you are planning to take on a hotel construction project, there are several topics to consider in order to be successful. Live Oak’s Charlotte Post and Mike Sarona discuss different types of contracts, some of the intricacies that such a large project consists of, and the top most common mistakes developers make during construction projects.
- Feasibility Studies – Mike Patel
Before building, buying or converting a hotel, feasibility is an important topic to understand. Join Jamie Bourgeois and Mike Patel of the National Hospitality Consulting Group as they talk through the critical components of feasibility and why it’s required. As an expert on the matter, Mike touches on many key points and even mentions the top three mistakes he sees developers make when determining whether or not a project is feasible.
- Acquisition – Torre Morgal
In this episode of Hotel Industry Insights, Live Oak’s Rickman Davis and Torre Morgal of Lincoln Asset Management give an overview of hotel acquisitions, repositions and general hotel management. Having owned and operated dozens of hotels in his career, Torre shares his experiences and provides insight on the importance of building your project team and developing strong relationships with third party partners.
- Management – Marian Goodman
Have you ever wondered how businesses benefit by working with management companies? Jamie Bourgeois jumps right in with Marian Goodman of Channel Point Hospitality about what hotel management entails. Marian explains that companies like Channel Point handles day-to-day operations, Human Resources details, sales and marketing, data analytics and more. By partnering with companies like Channel Point, hoteliers are able to breathe a little easier knowing they are supported by a team they can trust.