The Best Ever CRE Show JF 3963: The Asset Class That Will Make You Millions That No One is Talking About ft. Hait Patel
Jul 11, 2025
Hait Patel, an Acquisitions & Underwriting Specialist at DeRosa Group, shares his unique journey from growing up in his parents' motel to navigating the hotel investment landscape. He discusses the often-overlooked potential of limited-service hotels, comparing metrics and cash flow opportunities with multifamily assets. The conversation highlights essential hospitality management insights, the importance of team culture, and the financial nuances of hotel investments, making a compelling case for investors to consider this lucrative asset class.
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Growing Up in a Motel
- Hait Patel grew up living and working in a motel his parents operated from a young age.
- His experience involved hands-on tasks like housekeeping and front desk work, embedding him in the hotel business early.
House Hack Hotels
- Living in a hotel as an owner-operator is a powerful strategy to reduce expenses and increase income.
- It requires dedication and ideally a partner since hotels operate 24/7 and demand significant work.
Hotel Brand Standardization Benefits
- Hotel brands enforce strict standards that standardize the guest experience and unite all owners.
- This system drives customer loyalty and ensures consistent quality across the brand.