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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321 | Here to Help: Pandemic crisis fuels third-party management growth
Hotel owners and operators who believed they could go it alone before the coronavirus pandemic devastated the hotel industry are having another think and turning to third-party managers to work their way back to profitability in the post-pandemic recovery. Another trend contributing to the growth in third-party managers’ business is more commercial real estate investors armed with cash entering the hotel sector and in need of an experienced operations team. Episode 321 of Lodging Leaders podcast explores the growth of third-party management companies over the past 12 months. This report is part of Lodging Leaders’ coverage of the coronavirus crisis and its impact on the hospitality industry.
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320 | Where’s My Stuff?: Breaks in the global supply chain disrupt hotel projects, increase costs
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