Jay Papasan is co-author of the best-selling book The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results, which has garnered more than 238 appearances on the national bestseller lists including #1 on the Wall Street Journal, NewYork Times, and USA Today.
Jay serves as Gary Keller’s co-author and executive editor on other best-selling titles including: The Millionaire Real Estate Agent, The Millionaire Real Estate Investor, SHIFT: How Top Real Estate Agents Tackle Tough Times, FLIP: How to Find, Fix, and Sell Houses for Profit, and HOLD: How to Find, Buy, and Rent Houses for Wealth. He also co-authored SHIFT Commercial.
Before joining Keller Williams Realty, Jay served as an editor at HarperCollins Publishers where he worked on such best-selling books as Body-for-Life by Bill Phillips and Go for the Goal by Mia Hamm.
I prepared a FREE download – The ONE Thing Planner – to help you tackle your to-do list. I use this every day to help me stay on task and focus on my ONE thing. If you want to achieve extraordinary results each day, download the planner.
The ONE Thing
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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.