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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310 | Hotels Convert to Housing: Federal COVID-19-relief funds fuel transactions
Dhruv Patel, president of Ridgemont Hospitality, in October shared a bittersweet moment with his parents, Pravin and Sima Patel, when the family business sold the first motel that Pravin had built from the ground up more than 30 years ago. But they rest assured knowing it was the right decision because the 22-room property is being converted into affordable housing for military veterans at risk of homelessness. The transaction is among hundreds taking place across the U.S. as state and local governments work with non-profit agencies to create affordable housing solutions for vulnerable populations amid the COVID-19 pandemic. In Episode 310 Long Live Lodging reports on the financial and legal aspects of what it takes to convert a hotel into long-term housing. This report is part of Long Live Lodging’s special coverage of the coronavirus crisis and its impact on the hospitality industry.
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309 | ‘Stay the Course’: Kathleen Bertrand recalls hospitality career focused on growth through diversity
Kathleen Bertrand believes Atlanta is a city where dreams can come true. A jazz recording artist, she served at the Atlanta Convention and Visitors Bureau for more than 30 years, finding new ways to promote to the world the best things about the city she calls a “melting pot” of races and cultures. In Episode 309 of Lodging Leaders podcast Bertrand gets vocal and tells her story of rising through the ranks as one of the few Black women in leadership in the tourism industry. This session is part of Long Live Lodging’s special report commemorating Black History Month and the hospitality industry’s impact on the Civil Rights Movement.