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064 | Finance Your Growth and Recession-Proof Your Portfolio with Nick Sheth
FINANCING
Niraj “Nick” Sheth is President & CEO of the LD Capital LLC – providing commercial real estate loans from $3 million-$200 million, small business financing for deals ranging from $100,000 to $6 million, and loans for FF&E.
In This Episode, Nick Talks About …
- His entrepreneurial journey, beginning with how got the idea in the early 1990s to start a company that would help hoteliers find the money they need to grow their businesses.
- The many struggles he had along the way, from fluctuations in the economy, to business partnerships that went south, and how he overcame them.
- The various types of funding options hotels have, and why some go away during tough times.
- The next inevitable downturn, what he’s doing doing to prepare, and things hoteliers should consider to recession-proof their portfolio.
Nick isn’t just a lender – he’s a second generation hotelier. His father owned and operated hotels, and he experienced first-hand the challenges many business owners have in finding financing.
The LD Capital team prepared a FREE download exclusively for the Lodging Leaders community to help you recession-proof your portfolio. To get the most out of this episode, click on this link below.
Resources & Links
- Asian Hospitality Magazine Article: No Such Place as Easy Street
- FREE Recession-Proof Tips guide from LD Capital LLC
Nick Sheth
- Email: ns[at]ldlci.com
- Mobile: (423) 593-5482
LD Capital LLC
6714 Heritage Business Court
Chattanooga, TN 37421
Telephone: (423) 385-2300
Fax: (423) 933-0111
E-mail: info[at]ldlci.com
FINANCING
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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.