Hospitality Development & Operations: From Ground-Up Construction to Daily Revenue Management

Join host Evan Ross from Brown Edwards & Company as he sits down with Nagib Lakhani from Revmax Investments for an in-depth exploration of the hospitality industry. With nearly 30 years of experience spanning automotive franchises in Canada to hotel development and operations across the U.S., Nagib brings a wealth of real-world expertise to the conversation.

In this episode, they dive deep into the unique challenges and opportunities within hotel development and operations, covering:

1. Development vs. Operations: Understanding the dual nature of hospitality as both real estate investment and active business operations
2. Current Market Dynamics: Why acquisition and renovation is often more attractive than ground-up development in today's high-interest environment
3. Brand Relationships: The critical importance of franchise agreements and how they impact financing, operations, and exit strategies
4. Revenue Management: How artificial intelligence and real-time pricing strategies have transformed the industry from pre-COVID corporate travel patterns to today's evolving demand cycles
5. Capital Requirements: The reality of FF&E reserves, renovation cycles, and the financial challenges facing hotel owners post-COVID

Nagib also shares insights about his work with iHospitality Alliance, a community organization bringing together like-minded hoteliers to leverage best practices and achieve economies of scale typically available only to larger hotel groups.

Whether you're a seasoned real estate professional, considering your first hospitality investment, or simply curious about the business dynamics behind your hotel stays, this episode offers valuable boots-on-the-ground perspective from someone who's navigated decades of industry evolution.

Featured Guest: Nagib Lakhani, Revmax Investments

Contact: nagib@revmaxinv.com | www.revmaxinv.com

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