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The Gold Collar Investor

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TGCI 174: Investing in Hotels in post COVID-19 world!

Feb 3, 2022

In today’s show, Pancham interviews Harsh Kejriwal - an active investor and developer in 6 different states and founding partner of HVR Investments.

Investing in hotel deals is not a common concept you’re hearing from investors. People tend to hesitate when it comes to hotel investments but Harsh proves them otherwise! From actively investing in hotels to constructing them from the ground up, Harsh has been doing them all and more! 

In this episode, learn more about the hotel industry as he shares how he got into it, how they still have positive cash flow hotel investments even during the pandemic, and how he started in ground-up hotel development. Curious what this asset class has for you? Tune in as he discusses the concept and the factors that you should consider when investing in hotel deals!

Listen and enjoy the show!

 

Quote:

“Yes, we have 3 - 4 months of challenging time. But the operation? The local staff made them so comfortable. Not only them, but we have other people staying in the hotel so it sort of became like it's a kind of family.”

Timestamped Shownotes:

  • 1:38 - Pancham introduces Harsh to the show
  • 3:43 - His journey to investing full time and starting his firm
  • 7:51 - Factors that made him decide to start investing full-time
  • 10:11 - How their hotel investments got through COVID-19
  • 15:30 - On evaluating demands in every market before making decisions
  • 19:16 - The biggest factor that can make or break your hotel deals
  • 21:51 - Details on his first hotel deal and how he is financing his investments
  • 24:23 - Objective of the land fund and how it benefits investors
  • 32:39 - Taking the Leap Round
  • 32:39 - His 1st investment outside of Wall Street
  • 33:09 - On being courageous and having no fears when he 1st invested
  • 33:37 - How his multi-family investment didn’t work out as expected
  • 35:12 - Why new investors should invest with like-minded individuals
  • 36:43 - How you can contact and connect with Harsh

3 Key Points:

  1. Looking for the right location and having a good property matter since you need to be able to reach out to people and identify their needs.
  2. Assess the demands in each of the markets in every location by doing the due diligence such as knowing the projected occupancy rates and identifying risks.
  3. Even if you have the best location, it doesn’t matter if the operator is not managing the property well as it could lead to losing customers.

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