We love what we do and it shows. With more than 25 years of experience in the field, we know our industry like the back of our hands. There’s no challenge too big or too small, and we dedicate our utmost energy to every project we take on...
Every customer is unique. That’s why we customize every one of our plans to fit your needs exactly. Whether it’s a small strategy or a comprehensive effort, we’ll sit down with you, listen to your requests, and prepare a customized plan...
Every customer is unique. That’s why we customize every one of our plans to fit your needs exactly. Whether it’s a small strategy or a comprehensive effort, we’ll sit down with you, listen to your requests, and prepare a customized plan...
Hotels make up less than three percent of all commercial real estate square footage in the United States. Therefore, few books for hotel investors exist because it is such a specialized asset class. The ones that do touch the topic provide tremendous value to those willing to dig in. Hospitality investing requires a complete mindset shift...
Entrepreneurship is not for the faint of heart. It is fraught with risk, uncertainty, rejection, and disappointment. However, it is equally liberating and potentially lucrative. A good support system is essential to prepare you to make the leap...
Commercial real estate is an expansive and diverse industry. Each property has its own characteristics that differentiate it from the neighbor. We group asset types by a variety of criteria, which includes use and location at the highest level...
The infrastructure and day-to-day running of a hotel is where its worth lies. To increase profits, they focus less on capital expenditures and more on marketing, sales, and operational efficiency. Consequently, if you want to make the transition from Big Four CRE to hotel investment, you need to have a solid grasp of the structure of hotel deals.
Skill set alone rarely divides success and failure. Successful professionals understand that you must put yourself in a position to produce positive outcomes to achieve more. Hard and smart work are important elements of this positioning...
Real estate investing is difficult and stressful. Still, there are very few limitations to achieving your dreams once you have the requisite knowledge to get there. Your mental models are often the biggest impediment. Therefore, accessing your dreams is as simple as...
Culture impacts your business more than you want to admit. It sets the tone for daily employee activity and resonates through every stakeholder interaction. Many hotel owners and managers believe that they can shape culture through new policies and procedures...
The due diligence process on any investment starts long before you submit an offer. It begins with some level of desktop underwriting followed by the property tour. Your property tour checklist is one of the primary items in your investment toolbox...
Business was slow, my neighbor’s leaky pipes flooded my house, and my wife was on an expedition to explain some mysterious pains. I thought I hit rock bottom. I was at 10% capacity in every part of my life… except my marriage...
Big Four CRE investors pivot to hotel investments for many reasons. Higher cap. rates lead the initial attraction. However, other reasons start to dominate once they get to know the asset class. Jumping into a new asset class is always challenging...
Vocabulary is the window to your soul. It allows others to see your genius, and it defines how you perceive the world outside your mind. Early influencers, like parents, teachers, and bosses, gave you the vocabulary you use today. However, you have a choice about whether...
Courage is essential for every investor. Putting your money, time, and energy into a project without a guaranteed payoff is frightening. That fear keeps many people from even starting in the field. Courage emerges from the routine practice of overcoming fear...
Portfolio construction is a very personal task, but diversification is one of the universally accepted principles to provide long-term sustainability. Passive hotel investments provide a variety of benefits as part of that well-balanced diet...
Many cultures place intelligence on a pedestal, and for good reason. People that know a lot about a little are good for plugging into a well-oiled machine. However, curiosity matters more than intelligence when it comes to creatively piecing a deal together...
With the recent reauthorization of the EB-5 Regional Center, investors may want to take a closer look at the advantages of both the EB-5 and Opportunity Zone programs together to maximize their benefits. The EB-5 and Opportunity Zone programs are compatible...
Big Four CRE investors use hotels for several reasons. Higher cap rates entice investors. Once people grasp the asset class, other motivations prevail. Changing asset classes is difficult. Hotels bring complexity that's worth knowing...
Real estate investing options abound. Brokers use marketing materials that catch your interest and make you imagine the sale. A good hotel investing plan helps you avoid their seduction. It puts you in a proactive position to direct...
Crowdfunding has recently emerged as a dominant force in the real estate financing market. Quick stock or debt raises with little direct investor contacts are an attractive financing option for deals. The idea appears too good to be true when you consider that you can launch a hotel crowdfunding campaign in a matter..
To put it another way, real estate speculators get huge profits by using other people's money to make even bigger transactions (OPM). There are a few different kinds of debt and equity in the capital stack. Lending for hotels is easily attainable from a variety of sources.
Incessantly, sophisticated hotel investors and lenders seek out high risk-adjusted returns. That is, they seek for transactions where their risk exposure yields a higher return than comparable projects or loans. There are several factual and subjective risk factors...
The quality of your portfolio is a direct reflection of the quality of your pipeline, which is the source of your business's good transactions. To effectively load and clean your opportunity set, systems and processes are essential. A steady stream can only be guaranteed if you focus on the correct deal sources.
Business growth is challenging. The search for houses that meet your requirements takes perseverance, diligence, and tenacity. More importantly, you must stay top-of-mind with your prospects to ensure that no chances fall through the cracks. When done well, this is easily a full-time job.
Deal finding is typically the most difficult aspect of real estate investing. Patience, discipline, inventiveness, and relational acumen are required. Naturally, this is the step where the wheat is separated from the chaff.
Real estate investment books give investors access to virtual mentors with decades of knowledge to help them along their journey. There is, of course, no substitute for getting your hands dirty and cultivating strong relationships. Nonetheless, reading on a daily basis helps you stack the deck against your competitors.
Successful real estate investors get rich by using other people's money (OPM) to make more money for themselves. They have the contacts and skills to set up arrangements that guarantee a return on investment for their clie...
Many characteristics of successful investors may be generalized. When it comes to putting up a transaction, vision stands out as the most obvious and crucial of these attributes. An investor's vision can be captured in a business plan...
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All Rights Reserved | Smile Hospitality, Inc.
3960 Howard Hughes Parkway
Las Vegas, NV 89169
501 E Las Olas Blvd,
Fort Lauderdale, FL 33301