Hospitality Development & Operations: From Ground-Up Construction to Daily Revenue Management

Real Estate Tax Playbook

• 39 min

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Join host Evan Ross from Brown Edwards & Company as he sits down with Nagib Lakhani from Revmax Investments for an in-depth exploration of the hospitality industry. With nearly 30 years of experience spanning automotive franchises in Canada to hotel development and operations across the U.S., Nagib brings a wealth of real-world expertise to the conversation. In this episode, they dive deep into the unique challenges and opportunities within hotel development and operations, covering: <ol> <li>Development vs. Operations: Understanding the dual nature of hospitality as both real estate investment and active business operations</li> <li>Current Market Dynamics: Why acquisition and renovation is often more attractive than ground-up development in today's high-interest environment</li> <li>Brand Relationships: The critical importance of franchise agreements and how they impact financing, operations, and exit strategies</li> <li>Revenue Management: How artificial intelligence and real-time pricing strategies have transformed the industry from pre-COVID corporate travel patterns to today's evolving demand cycles</li> <li>Capital Requirements: The reality of FF&E reserves, renovation cycles, and the financial challenges facing hotel owners post-COVID</li> </ol> Nagib also shares insights about his work with iHospitality Alliance, a community organization bringing together like-minded hoteliers to leverage best practices and achieve economies of scale typically available only to larger hotel groups. Whether you're a seasoned real estate professional, considering your first hospitality investment, or simply curious about the business dynamics behind your hotel stays, this episode offers valuable boots-on-the-ground perspective from someone who's navigated decades of industry evolution. Featured Guest: Nagib Lakhani, Revmax Investments Contact: <a href="mailto:nagib@revmaxinv.com" rel="nofollow">nagib@revmaxinv.com</a> | <a href="http://www.revmaxinv.com" rel="nofollow">www.revmaxinv.com</a> A Proactive Advisor in Tax Strategy Brown Edwards tax advisors take a proactive approach to tax strategy, helping you minimize tax obligations and focus on the big picture. With our tax professionals’ in-depth expertise and education, Brown Edwards can handle complexities for corporations, partnerships, and individuals, with added specialization for a variety of industries. Learn more about our <a href="https://becpas.com/services/tax/" rel="nofollow">tax services</a>.