Depreciation is one of the greatest benefits to owning commercial real estate. Having the ability to offset your taxes on cash flow allows investors to yield significantly higher returns.

The hotel industry continues to see pent up demand. Our portfolio continues to hit record revenue. Though corporate revenue is still down, the leisure business has exceeded expectations. The industry is in prime position for both cash flow and appreciation.

Hotels are a great investment in an inflationary environment. The reason is that our rates can change daily and due to this ADR increases have far exceeded inflation.

Insane. Marriott bought Starwood and has a 192 million loyalty members. Hilton has a 173 million loyalty members. Hilton is expected to surpass Marriott this year and be the largest hotel loyalty program. Quite impressive.

Investors are buying properties with negative leverage. Example: Strip center - 6.5% cap rate purchase Debt - 7.5% interest rate That means some investors are willing to lose money on the hopes that future rate cuts will happen. Not very logical. Stick to strong underwriting.

Our focus is on limited service hotels. Whats that? Simple. Its hotels where we solely focus on renting rooms. Nothing else. No restaurants. No spas. Nothing crazy. Its strong margins and fairly recession resistant.

Its common misconception that hotels are high risk investments. The downtown Marriott with 500 rooms in San Francisco with 4 bars and 3 restaurants. Sure. But the 80 room Holiday Inn Express in Austin will do just fine.

A full service hotel can have up to four times as many employees when compared to a limited service hotel. Thin margins and so much complexity makes it a difficult investment.

Airbnb was never a threat to hotels. Airbnbs offer an unique experience whereas hotels offer consistency and ease. They are not competitors but rather different businesses. During Airbnbs rise, hotel RevPar broke record highs.

Fun fact: Snow removal for commercial properties can get expensive. Hotels in the North can spend upwards of $20k a year if it's a big Snow year. Full service hotels can spend even way more than that.

Full Service Hotel: No free breakfast, higher rate, wifi costs money Limited Service Hotel: Free hot breakfast, lower rate, free wifi

Conversion brands are taking over. Hilton is expecting Spark to be their fastest growing brand. IHG expecting Garner to follow...And now Marriott releasing City Express to the US. Industry is evolving.

The Winter Edition of MMGY’s Portrait of American Travelers study found nearly eight out of 10 U.S. adults plan to take a vacation within the next 12 months, a 7% increase compared to the winter of 2023. They also plan to spend more of their disposable income on travel. The

Consumer spending is falling, but that doesn't mean all hotels will underperform. Most spending cuts will happen at full service/luxury properties, while those still looking to travel will stay at limited service hotels on a budget.

Fun money saver tip: When booking hotels, try and avoid booking through third parties like Booking and Expedia. Instead if you book direct, you'll get a loyalty discount and also get points for future stays.

Seeing more and more rooftop bars. Its becoming a trend because for many its an experience, but for a hotel, its economical use of square footage.