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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295 | Doing Well: Coronavirus pandemic advances wellness design and programs in hotels
The coronavirus pandemic is forcing the lodging industry to rethink health and wellness. Designers such as Blanche Garcia of B. Garcia Designs see this as an opportunity for hotels to revise their messaging beyond clean and safe by introducing wellness products and programs they can market and attract guests who want to feel good during their stay and return home feeling better than when they left. Those who promote healthy buildings as well as safe travel are exploring how implementing elements of wellness can be a cure for hotel businesses struggling to survive the COVID-19 pandemic and the subsequent economic downturn. This report is part of Long Live Lodging’s ongoing coverage of the coronavirus crisis and its impact on the hotel industry.
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294 | She is a Hotel Investor: What She Has a Deal can teach every hotel investor
She Has a Deal, a program that promotes women as hotel owners, last month minted several new investors through its inaugural pitch competition. Long Live Lodging examines what it took for the three women who comprise the team called Datcher to win the top prize of $50,000 in equity in a fund that would include their $27.4 million project proposed for downtown Detroit. Two additional projects proposed during the competition were selected to benefit from She Has a Deal’s first investment fund. Datcher’s winning formula as well as the other project proposals can be emulated as hotel developers and investors search for ways to fund upcoming projects that reduce investors’ risk while delivering a healthy return as the lodging industry navigates its way through the business downturn caused by the coronavirus pandemic.