LODGING LEADERS
035 | The Price, Leverage and Efficiency Formula for Success with Peter Bhai
LODGING LEADERS
Piyush “Peter Bhai” Bhaidaswala is Founder and Chief Executive Officer of SSN Hotels – a rapidly growing hotel management, development, and investment group in the Northeast. In just over 20 years, they have grown to oversee 14 select service and 3 developing hotels in over five states, representing brands such as Hilton, Marriott, IHG, Choice, and Wyndham.
Last year, Hotel Business ranked SSN Hotels #85 in their Top 100 Management Companies of 2014 report.
SSN Hotels is well known for achieving superior results in operating hotels because of their ability to blend the science of hotel management with the art of hospitality. It is a formula that works, producing outstanding results. Using the latest technologies from feasibility studies, to up-to-date budget variance reports, SSN can respond quickly and efficiently to a changing market. But even the most sophisticated information systems will not ensure successful results. That is where SSN’s combined talent and expertise make the difference. It is a winning combination for both guests and investors.
In This Episode, Peter Talks About:
- Immigrating to the United States with his family in 1981 at the age of 13, and helping his parents operate a small motel outside of Atlantic City, NJ.
- Going to school for engineering and working in that field for several years, then listening to that entrepreneurial voice inside that wanted him to do his own thing.
- Quitting his day job, taking some time to evaluate his options, then going with what he knew best … hotels.
- Buying his first property in 1994 – a distressed property that he turned around and sold just 4 years later at a substantial profit.
- Scaling, and the mindset shift he had to go through from single to multi property ownership.
- The steps he took to build the infrastructure required to support his growing portfolio.
- Family values – the incredible support of his wife, and some of the character-building experiences he has provided his daughters.
- A failure he experienced along the way, and the powerful lessons he learned from it.
Resources & Links
Peter Bhai
- Email: peterbhai[at]ssnhotels.com
SSN Hotels
- Email: info[at]ssnhotels.com
- SSN Hotels Website
- SSN Hotels on Facebook
5159 W Woodmill Dr, Suite 15
Wilmington, DE 19808
Phone: (302) 738-3198
LODGING LEADERS
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341 | One Big Happy: Travel survey reveals how hotels can attract families
Rainer Jenss of Nyack, New York, founded the Family Travel Association seven years ago to help parents and caregivers introduce children to the world through travel, whether that’s a yearlong trip around the world that Jenss and his family took or a weekend getaway to a nearby destination. To help the travel industry gauge what parents want when they take their kids on vacation, FTA conducts an annual study. The U.S. Family Travel Survey 2021 reveals the shift in mindset the COVID-19 pandemic has created in families planning a trip over the next 12 months. Hoteliers use can use the information to generate business and boost their strategies to recover and sustain business now and other the coming months.
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340 | New Glass Ceiling: Industry leaders work to shatter barriers for women hotel owners and investors
Whether they’re new to the concept or they’ve worked in lodging for years, women are an emerging force in hotel development, investment and ownership. Several industry leaders are making significant strides in building programs that encourage and support women interested in becoming hotel owners and investors. This report examines new projects and updates the status of existing efforts by industry leaders to recruit women as owners and help them hurdle barriers such as critical access to capital.