This Week's BLLA Commentary
Investment requires knowledge and wisdom that comes with years of insider industry knowledge. It means you have to align yourself with people who share your vision. They have to be well versed in the landscape and know market trends. Timing is everything when entering the market in an investor role.
Boutique Hotels are loved for their indulgent, luxurious nature. It’s tempting to overspend or spend in the wrong areas in the development process. Erecting a hotel is a huge undertaking, and should be done so with professionals who have a thorough grasp on where the investment team will see the most ROI.
Boutique hotels call for an even more keen investor because they thrive on embodying the pace of the community in which they are built. Maybe that particular region is seeing a decline in tourism, or the demographics of the city are changing. In any case, any hopeful hotelier absolutely must understand the make up of the environment if they want their property to be a success.
BLLA exists to bring the boutique community together and arm it with the information needed to progress in hospitality's most exciting niche.
The thought leaders and industry influencers who make boutique happen gather each summer at the Boutique Hotel Investment Conference. Back for the second time at the New York Times Center, this conference promises to be boutique’s biggest event of the year! Register here!
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