The Rich Somers Report He’s Bought 13 Hotels & Shares His Journey From Humble Beginnings | Neil Shah E211
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Jul 4, 2024 Rich welcomes Neil Shah, President of Inntech Management, who transitioned from electrical engineering in India to owning 13 hotels across Arizona and California. Neil shares his inspiring journey, discussing the stark differences between branded and boutique hotels, and the importance of practical experience in hospitality. He dives into strategies for maximizing hotel profitability, the impact of technology on guest experiences, and the future of real estate investments. Neil’s insights into continuous learning and the evolving market make for a captivating discussion.
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Neil's Early Hospitality Start
- Neil Shah started working at a hotel near Disneyland doing multiple roles with no title.
- He quickly learned the business and decided to stay in hospitality because he enjoyed creating guest experiences.
Mindset For Growth
- Keep learning and evolving to grow in any business.
- Focus on gaining value and experience even when the progress feels slow.
First Hotel Investment Story
- Neil first invested in hotels by buying a minority stake in a property his friends purchased.
- He invested money he had and helped with operations but had no formal managerial role.
