Rick Tomljenovic has been in the hospitality industry for more than 35 years. He’s an owner and Chief Operating Officer of Tristar Hotel Management, a midsize company managing between 15-25 properties on average per year, including 5 properties that they own.
Rick is also Chief Operating Officer for HMBookstore.com – a cutting edge online hospitality and tourism training company with more than 70 eBooks published. HMBookstore’s eBooks have been adopted by professors at top U.S. hospitality universities, and over 13,000 eBooks have been sold to university students since 2012.
After high school, Rick attended Forrest Park College and earned a hospitality degree. He worked for several midscale and largescale management companies, and spent a lot of time working for Holiday Inn managing several of their properties in the Chicago/Midwest region.
Early on, Rick had the pleasure of working with the Holiday Inn training program and he was enamored by the experience. Those early examples of great training programs and materials planted the seed of what would later evolve into HMBookstore.com.
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A year ago, Darshan Patel, CEO of Hotel Investment Group in San Diego, California, was one of the first hoteliers in the U.S. to step up and offer properties to overwhelmed hospitals seeking places to care for COVID and non-COVID patients as well as vulnerable populations. As the crisis eases and Hotel Investment Group works to return the hotels to business, Patel is negotiating with local governments to pay for the wear and tear on the properties. Patel is not alone as many hoteliers are unexpectedly dealing with problems that state and local governments’ urgent decisions have created, including property damage, increased costs and eviction bans. This report is the second in a two-part series examining the pros and cons of opening hotels to alternative uses during the pandemic. It is part of Long Live Lodging’s special coverage of the coronavirus crisis and its impact on the hospitality industry.
Dhruv Patel, president of Ridgemont Hospitality, in October shared a bittersweet moment with his parents, Pravin and Sima Patel, when the family business sold the first motel that Pravin had built from the ground up more than 30 years ago. But they rest assured knowing it was the right decision because the 22-room property is being converted into affordable housing for military veterans at risk of homelessness. The transaction is among hundreds taking place across the U.S. as state and local governments work with non-profit agencies to create affordable housing solutions for vulnerable populations amid the COVID-19 pandemic. In Episode 310 Long Live Lodging reports on the financial and legal aspects of what it takes to convert a hotel into long-term housing. This report is part of Long Live Lodging’s special coverage of the coronavirus crisis and its impact on the hospitality industry.