Masters of Moments #11: Alex Cabañas - Executive Chairman of Pyramid Global Hospitality | Scaling Hospitality through Mergers & Acquisitions
Alex Cabañas is passionate about leading and growing a company that makes a profound difference in the lives of employees, guests, owners, industry partners, and the community. His life mission since college has been to create opportunities for others to be successful.
As President, Alex is focused on strategic planning, people development, pursuing growth and new opportunities, promoting the delivery of memorable customer service and ultimately being the best third-party management company in the industry, acting in the best interest of owners every day.
On this episode, Jake and Alex discuss:
- How Alex grew a 20-hotel company to 250 hotels via mergers and acquisitions
- How Hotel M&A works
- How to run a Global team
- Integrating teams through Mergers
- Creating an F&B think tank platform
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Topics:
(00:02:17) - Completing a major Merger during the Pandemic
(00:12:51) - What are you able to do post-merger that you weren’t able to before?
(00:17:20) - How are you creating a culture that fosters retention?
(00:19:53) - Is scale and size better in the management business?
(00:29:17) - What behaviors thrive at the senior level in Hospitality?
(00:34:40) - Mergers and Acquisitions
(00:44:32) - What have you learned from your partner, Warren?
(00:47:47) - How are you thinking about growing your management company?
(00:51:51) - How are you handling the leadership position after all these mergers?
(00:53:47) - Structuring a Merger
(01:00:57) - How are you integrating the positives from lifestyle hotels with the other assets in your portfolio?
(01:04:57) - What have you found to be some of the best ways to win at F&B?
(01:08:52) - How are you optimizing costs & hiring?
(01:14:29) - How are you thinking about leadership interactions and meetings with your team?
(01:18:52) - What is your favorite hotel?