Funds that Won Building A Hotel Empire l JNR Capital l Jignesh Patel l Ep 12
In this episode of Funds That Won, Lincoln interviews the co-founder of JNR Capital, a successful investment firm specializing in buying distressed and value-add hotels. With a track record of completing $200 million in transactions, JNR Capital leverages deep-rooted relationships with industry executives, local lenders, banks, and general contractors to transform hotels into highly profitable establishments with renowned brands like Marriott, Hilton, and Best Western. Jignesh discusses the dynamics of running a family business. Tune in to gain insights into the strategies, structures, and best practices employed by JNR Capital in the alternative investment landscape.
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[00:02:04] Going into business with family.
[00:04:12] Succession planning and growth.
[00:10:32] Hotels as a cyclical business.
[00:12:15] Hotels as a combination of real estate and operations.
[00:18:41] Franchised mid-scale to upscale hotels.
[00:21:08] The impact of Airbnb.
[00:24:44] Dealing with challenging guests.
[00:29:15] Lower interest rates in hospitality.
[00:33:00] Loyalty Programs in Franchises.
[00:34:17] Capital improvements and franchise requirements.
[00:38:47] Raising money in hospitality.
[00:42:15] In-house vs outsourced services.
[00:47:29] Future objectives and growth.
[00:49:01] Investing in different asset classes.
[00:53:04] Aligning goals for personal success.
[00:57:19] Having the grit to succeed.