AAHOA
011 | Raising Capital, EB-5 Immigrant Investor Program, and Prefab Hotels with Dan Rama
AAHOA
Dinesh “Dan” Rama is Co-Founder, Partner/Designated Broker of NewGen Worldwide – a real estate investment advisory company that works with owners and investors in all aspects of the hospitality business. The firm provides services for the sale and acquisition of lodging properties, consulting, hotel asset management, and hotel litigation support. NewGen also owns and operates several hotels in the Southwest with affiliations with Hilton, InterContinental Hotels, Accor, and Choice Hotels.
Dan is a second generation hotelier and learned all aspects of the business by helping his family, from cleaning toilets to operations. After college, Dan was the director of operations for a number of hotels for a small private equity firm in memphis. The first property he bought was a 24 room independent in Arizona, and he continued to grow his hotel portfolio and expanded into restaurants – he had a master license agreement with Red Brick Pizza and grew that segment to 13 stores at its peek.
Dan continued his journey in the business and obtained his real estate license in 2000 while working with Bob Apostle and Robert Fitzgerald for their firm, Apostle Fitzgerald. Bob and Robert were former senior brand executives that had helped to shape the Travelodge and Ramada brands respectively in the 80’s, and that experience was invaluable to Dan’s continued growth. In 2007, Dan Co-Founded NewGen Commercial Realty, and in 2008, he Co-Founded NewGen Worldwide.
Resources & Links
- Dan on LinkedIn
- Dan’s Email
- Mobile – (602) 478-9636
- NewGen Worldwide Website
- Asian American Hotel Owners Assocation (AAHOA)
AAHOA
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346 | Repositioning For Recovery: Hotel conversions to outpace new builds
Lodging Econometrics has tracked the hotel industry since 1998. Its global database includes new-hotel pipelines as well as renovations and brand conversions. Hotel franchisers once eager to launch new brands are focused on converting existing hotels because it’s a faster way to recover revenue lost to the COVID-19 pandemic than through new construction. In Episode 346, Lodging Leaders explores the increasing number of conversions in the U.S. hotel industry and what owners and operators need to consider before repositioning an asset.
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345 | ‘Rosy View of Future’: Hotel industry sees unleashing of pent-up investor demand
In the first few months of the COVID-19 pandemic in the U.S., financiers anticipated a swell of distressed hotel businesses. Some raised rescue funds to respond to what they thought was a pending crisis. Though there are financial rescues taking place, the level of such activity is far below what industry advisers and fund managers expected. Commercial real estate investors positioned to act in the early days of the pandemic held off and are now just beginning to unleash their cash hoards totaling billions of dollars. Episode 345 of Lodging Leaders podcast explores the state of capital investment in the hotel industry.