Leading the Charge - Brian Quinn

In the hospitality industry, everyone works together to help achieve a goal. A great design can only come to life if someone is willing to put it in their building.

If you are an owner or operator of a hotel or hospitality business, you will bring a different level of energy and care to a project. You will be more focused on the return on investment in that aspect.

In 2012 the RMR Group acquired hospitality spaces, bringing a whole new level of finance and real estate expertise into the hospitality industry.

During the COVID pandemic, there was a higher demand for extended stays and economy-style hotel stays as more people worked from home.

The top three things that make Sonesta a good brand to join are the market availability, the access to an executive team, and the last piece is the owner lens.

There are a few ways to underwrite a CapEx renovation; one is to think about what happens to your performance if you do nothing, and the other way is to check for any headroom in the market and see if you can perform better.

Whether a recession comes or not, if unemployment remains low then people are going to spend their disposable income on dining, travel, and other hospitality experiences.

Leading the Charge - Brian Quinn - Episode # 082