AAHOA
032 | Bridging the Generation Gap with Nimesh Zaver
AAHOA
Nimesh “Nick” Zaver was born and raised in London, England, and he immigrated to the United States with his family in 1981. After graduating from high school, Nimesh attended college-level courses in business and architecture at institutions including the University of Central Florida, the University of Arkansas at Monticello and Louisiana Tech University.
Before completing his college education, Nimesh opted to pursue a career in the hospitality industry with his parents, and by the age of 22, he built his first hotel. He now owns and operates 5 properties in local Lake Charles, La, and he has several more in the pipeline.
Nimesh served as AAHOA Gulf Regional Director for 4 years and he’s an AAHOA Lifetime member. He’s also a longstanding member of LPS (the Leuva Patidar Samaj). He served as a Board member for the Southwest Louisiana Convention and Visitors Bureau, President of Umrakh Seva Mandal, a committee member of the South Central Gujarati Samaj, and President of the Southwest Louisiana Hotel & Lodging Association.
Nimesh and his wife, Dipti, have two children, Ishan and Nakita.
In This Episode, Nimesh Reveals:
- What it was like to immigrate to the United States when he was 7 years old
- How his parents first entered the hotel business
- Some of the many struggles his family had as hoteliers over the years
- How shifts in the market and economy lead to his parents losing properties, and having to move several times to begin again
- Why he dropped out of college to pursue a career in hospitality
- How he built his first property when he was just 22 years old
- How he made the transition from single property to multi-property owner
- The painful lessons learned from the struggles of his early years … and how he’s now paving a more profitable future
Resources & Links
- Email: nimeshzaver[at]gmail.com
- Nimesh on LinkedIn
- Insignia Hotel Management Website
- 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.