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.
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.
5159 W Woodmill Dr, Suite 15
Wilmington, DE 19808
Phone: (302) 738-3198
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.
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.