Looking to buy your next hotel, motel, caravan park, or management rights?

Work with the brokers who meet with Australia’s leading operators every week. Explore exclusive listings and deals backed by decades of on-the-ground experience: https://www.resortbrokers.com.au/

In this episode of RB Radio, hosts Frank Matus and Trudy Crooks dive into the dynamic world of the accommodation industry, discussing the critical role brokers play in connecting buyers and sellers. They emphasize the importance of understanding hotel operations during the buying phase and the need for thorough financial analysis, including wages in profit and loss statements. The conversation also touches on the transition from corporate environments to managing businesses in the accommodation sector, offering valuable insights and advice for those considering this career move.

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Timestamps:

00:00:00 - Introduction

00:03:35 - Winston's Journey from Corporate to Management Rights

00:04:10 - Catalyst for Change: Family and Career Decisions

00:06:19 - Transitioning to Management Rights

00:09:21 - The Importance of Support and Guidance

00:11:09 - First Acquisitions: Seaview and Breeze

00:12:55 - Operational Efficiencies in Management Rights

00:18:10 - Understanding Payroll and P&Ls

00:20:16 - Strategic Planning for Acquisitions

00:22:58 - Expanding to Noosa: Rise and Cocoa

00:30:04 - Latest Acquisition: Sovereign on the Gold Coast

00:31:43 - Future Opportunities in Brisbane Market