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Hotels Are the Way to Lose Money
i started this company on my 20 sixth birthday, and bought dhe motel on a forty year land lease for 800 thousand dollars. I had it in escro but it was an old jewish convalescent home. i think what made us different is we got clear that the reason a person chooses a botiqe hotel is because there's an aspiration, a life style piece. Every single time we were creating a new hotel, it was a new brand, a new market we were going after. But it was very creative. It was so much fun to create a hotel based upon vanity fair meets a outside magazine,. And so therew's just loved it, until i hated it