In this conversation, Peter Fabor discusses his journey of buying a hotel in Portugal with expert David Kijlstra.
They brainstorm criteria for selecting properties, understanding the hotel broker market, analyzing performance metrics, and strategies for contacting potential sellers.
The discussion also delves into the importance of networking, identifying growth potential in locations, leveraging social media for marketing, and the challenges of selling mid-sized hotels.
The conversation concludes with insights on investment strategies and future steps in Peter's hotel buying journey.
Chapters
00:00 Intro
01:45 Criteria for Property Acquisition
03:54 Exploring Off-Market Opportunities
04:49 Understanding Hotel Broker Dynamics
06:34 Identifying Investment Opportunities
09:07 Leveraging Data for Property Analysis
11:04 The Value of Distribution in Hospitality
14:11 Cold Calling Strategies for Hotel Acquisition
17:01 Building Local Connections for Better Insights
20:20 Evaluating Property Performance and Market Trends
25:17 Investment Strategies for Growth
27:27 Identifying Future Hotspots for Investment
40:05 Travel Trends: Train vs. Flight
44:32 The Impact of Government Policies on Tourism
Peter and David explore different business models, the importance of room count, location considerations, and the impact of climate data on property selection. The discussion also touches on the design of public spaces, the concept of white-label hotels, and the challenges of staffing in the hospitality industry.
