Jared Galbut serves as Managing Principal of Menin Hospitality, the Miami-based company known for its experiential, boutique hotel, restaurant and nightlife brands, including Mondrian South Beach, Bodega Taqueria y Tequila and The Gale Hotel.
A Miami native, Galbut discovered his passion for the hospitality industry as a teen, working for his uncle at Crescent Heights one of the nation’s largest developers of highrises, multifamily housing and hotels. After gaining a deep understanding of the industry, Galbut acquired the Raffaello Chicago and relocated to Illinois to develop the hotel.
While maintaining success of this new venture – a hotel that is still part of Menin Hospitality’s portfolio – Galbut sought out further opportunities to take him home to Miami Beach and founded Menin Hospitality with another emerging hotelier, his cousin Keith Menin.
Galbut serves as the President of the Miami Beach Tax Payers Association, is a Board of Directors Member for the Greater Miami Hospitality Association and is a Member of the Miami Beach Convention Center Advisory Board.
3050 Biscayne Boulevard Penthouse 1
Miami, FL 33137
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.