Navigating Ultra-Luxury Hospitality Challenges

Cyrus Vazifdar is a Managing Director in the Hospitality Investment Advisory practice at Hodges Ward Elliott. He specializes in institutional-grade hotel and resort property transactions throughout North America, including investment advisory and equity placements.

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Topics:

(00:00:00) - Intro

(00:03:41) - Cyrus career in Hospitality brokerage

(00:10:22) - The growth around the Miami area

(00:12:58) - Hospitality brokers vs. other asset classes

(00:16:06) - Gauging the credibility of brokers

(00:19:18) - Broker stories

(00:21:08) - What’s the biggest difference between the blackstones and owner-operator groups?

(00:23:54) - Thoughts on the state of commodity hotels

(00:29:32) - Pivoting into ultra-luxury hospitality

(00:34:36) - What does Ultra luxury mean to you?

(00:36:42) - The importance of Brand

(00:39:39) - What insights have you gained in making an ultra-luxury property profitable?

(00:42:52) - Development approaches

(00:50:00) - Fund Structure

(00:53:07) - Planning and Hold timelines

(01:00:39) - How are ultra-luxury hotels making money?

(01:03:48) - Operations and management

(01:05:36) - Why would you pass on a deal?

(01:09:53) - Why is ultra luxury your best bet?

(01:15:38) - What is your favorite hotel?