In this conversation, Peter Fabor and David Kijlstra discuss various aspects of starting and managing a hotel business.
They 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.
They emphasize the need for a focused marketing strategy and the common pitfalls that small hotel owners face.
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Chapters
00:00 Intro
02:20 Understanding Hotel Size and Management
06:47 Conceptualizing the Hotel Experience
11:27 Location Considerations for Hotel Properties
16:03 Budgeting and Pricing Strategies
20:25 Identifying Target Markets and Segments
23:29 Utilizing Climate Data in Property Selection
29:04 Assessing Environmental Risks
32:05 Designing Flexible Spaces for Diverse Groups
38:00 The Future of Branded and White-Label Hotels
I tried something different. After not finding good opportunities for hotels for sale, I decided to look at non-hospitality properties. I visited 2 large houses this weekend.