00:01:07 - "We leverage deep-rooted relationship with executives at these companies, local lenders, banks that we know, and we've cultivated the relationship for many years, and general contractors to bring the best value to our investors and partners."

00:04:43 - "It has to be the right person who can lead the company and continue to grow the company."

00:06:20 - "I'd rather miss out on a good deal than to do a bad deal, right?"

00:09:42 - "It's a high-risk, high-reward business."

00:12:15 - "Hotels are a combination of high-quality real estate as well as operations."

00:15:05 - "So, all that being said, if you are a bad operator, the value declines pretty quickly."

00:19:54 - "It's been, those competitions have been there for a while, right?"

00:22:35 - "On a typical hotel, we go through 30 to 40,000 guests per year, right?"

00:24:44 - "Hey, you meet amazing people and you meet the worst people as well, right?"

00:26:17 - "So you have to have a very, very well-oiled machine on how to bring in people and get them trained and effective right away."

00:29:37 - "No, I'm just closing at something at 6.8 right now."

00:33:07 - "In some of these hotels, 70% of our revenue comes in from the members of these companies or loyalty programs."

00:35:13 - "We embrace it."

00:36:42 - "I would go to the top franchisers and say, this is the brand I would like to do all day long."

00:40:14 - "A lot of people liked what we did and they referred their other friends and family members to us."

00:43:08 - "And it's good because our investors can see that we have a third party who is doing all the accounting and bookkeeping, right?"

00:46:57 - "And I would tell them, look, it's a lot of work. It's a lot of time. It's a lot of energy that you've got to put in to build the systems and processes. And it works. It's just someone has to be willing. It's not a get-rich-quick scheme. It's a lot of work."

00:48:26 - "But I don't think we'd own a billion dollars in assets at one point in time."

00:50:47 - "One of the things I talk to folks is delayed gratification, right?"

00:54:18 - "I think the biggest one is, you know, lack of follow up and follow through, right?"

00:56:56 - "Think big, you can achieve it."

00:58:17 - "So focus on having the grit because shit will happen."