Buying Hotels into the Recovery- An Overview of the Lodging Sector Performance and Recovery Trajectory
More than a year after the worst month ever recorded for hotel performance, distressed hotels are still a popular topic of conversation. However, the unicorn hunting for hotels at half off have yielded few results for many. We will discuss the following:
- What does recovery look like across segmentation classes and geography?
- Where will opportunities be found?
- What is the future of branding and repositioning opportunities?
- What are the new threats to the hotel industry?
Event Recording
Buying Hotels into the Recovery- An Overview of the Lodging Sector Performance and Recovery Trajectory
Speakers
Omari Head
- Title
- Director @
- Company
- Paramount Lodging Advisors
- Role
- Moderator
Omari Head is a Director at Paramount Lodging Advisors, a National Hotel Advisory Team exclusively committed to the Hospitality Industry. Mr. Head represents the Washington D.C. office and has advised on more than 145 hotel dispositions. He advises on portfolio transactions, hotel repositioning and other lodging consultations across the united states. Prior to becoming a hotel real estate consultant he worked in hotel operations for brands including W Hotels, Gaylord Entertainment, Hyatt and MGM Resorts International.
Mr. Head holds a bachelors degree from the University of Nevada Las Vegas in Hospitality Administration. His passion for education leads him to adjunct for a number universities including Georgetown University and founding the National institute of Lodging Education. Although a Chicago native, he resides in Washington DC with his partner and daughters.
Nathan Whigham
- Title
- Founder & President @
- Company
- EN Capital
- Role
- Panelist
Nathan Whigham is the Founder and President of EN Capital. He has been placing debt and equity across all types of commercial real estate since 2006 and has been involved in the origination of over $1B of commercial real estate finance. Prior to founding EN Capital he was the Senior Director of Business Development for CleanFund Commercial PACE Capital for Southern California. Before his tenure as a commercial PACE lender he was Senior Vice President & Director of Business Development at Nebo Capital, a boutique commercial real estate capital advisory firm. Nathan has also developed over six megawatts of large commercial renewable energy projects and has been involved in a variety of entrepreneurial ventures. He holds an MBA from the Marshall School of Business at the University of Southern California and a BS in Systems Engineering from the University of Arizona and is a licensed California Real Estate Broker.
Pranav Bhakta
- Title
- Managing Partner & Board Member @
- Company
- Revelo Hospitality
- Role
- Panelist
Mr. Bhakta leads Revelo’s development, big data, financing, and acquisition strategy. He was recently named one of GlobeSt. Real Estate Forum's Top Influencers in Commercial Real Estate Technology.
Mr. Bhakta's track record includes negotiating over $3 billion of hospitality transactions, including asset acquisitions and dispositions, restructurings, debt and equity financings, and new development projects.
Further, his expertise includes performing diligence and developing comprehensive financial analyses for a large variety of hospitality projects in an international context. Pranav was previously responsible for the market entry of various hospitality companies into India, including the Trump Organization and Vantage Hospitality, and has also helped consult numerous successful hospitality startups worldwide with market caps in excess of $10 billion.
He has deep seated relationships with virtually all the major and regional hotel brands and brings his relationships and industry expertise to help build Revelo Hospitality’s portfolio.
Justin Jabara
- Title
- President @
- Company
- Meyer Jabara Hotels
- Role
- Panelist
Justin Jabara grew his career holding numerous positions across the portfolio and blazed a strong operational track record of success. He made the jump to vice president of development and acquisitions six years ago to start working on the other side of the business. Justin Jabara led the growth of the portfolio at an impressive rate. Not only did the portfolio prosper, but many new partnerships were formed, and creative joint ventures established. With all this progression and change, Justin Jabara remains steadfast on one key cultural pillar: “We have been, and always will be, in the people business. The better the people, the better the business. He learned what partnership really means, first from his grandfather Ted Jabara and Arthur Meyer (Bill’s dad), and then from his father Richard and Bill. A partnership must be a win-win. Our financial partners, employees, and our guests are all forms of partnerships. We strive to create great success for all we serve. We will never walk away from treating people as our most important asset.” In January of 2020 Justin accepted the promotion to President of Meyer Jabara Hotels.
About
EN Capital
EN Capital is a capital real estate capital advisory firm placing debt and equity on all types of commercial real estate, all parts of the capital stack, nationwide.
Paramount Lodging Advisors
Our Philosophy, “Hotel Brokerage Re-Defined,” starts with our Paramount family.
We are not like any other advisory firm in the Hospitality Industry. Our team is based on a shared passion for the Hotel Industry, an unhealthy desire to be the BEST at everything PLA touches, and a need to be successful collaboratively, not competitively. We put our family together by recruiting the best MBA and Business School graduates, putting them through our internal Paramount training, and working as a team on every single engagement.
Meyer Jabara Hotels
With headquarters in Danbury, Conn., Meyer Jabara Hotels is an award-winning hospitality company owning, operating or leasing hotels and restaurants in 14 states throughout the United States. The company was formed in 1977 as Motel Hotel Associates through the partnership of William Meyer, a specialist in real property law, and Richard Jabara, a second-generation hotelier. Their portfolio of 30 hotels represents 17 brands including Marriott, Hilton, Sheraton, Crowne Plaza, Holiday Inn and Hyatt Place brands, as well as several independent hotels. The company culture, referred to as "The Journey," is considered by Meyer Jabara Hotels to be their strongest competitive advantage because it challenges and encourages each team to create special relationships, or heart connections, with the key stakeholders: business partners, associates and customers.
Revelo Hospitality
Headquartered in Dallas Texas, Revelo Hospitality consists of a cadre of investment professionals with 70+ years of hospitality experience focused on uncovering yield from hospitality assets leveraging technology. Our current mandate is focused on limited service assets in secondary and tertiary markets. We leverage big data throughout our entire process from asset acquisition to increasing yield of our asset.