The Purpose of Money Podcast

Building a Legacy in Hotels with Franchise Attorney Kishane J. Patel | Episode 125

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Have you ever wondered what it really takes to turn a hotel investment into a thriving, branded business?

Kishan J. Patel joins us, and we dive deep into navigating franchise agreements, understanding key money, and the essentials for building successful partnerships with major hotel brands.

He is an experienced franchise attorney who shares insights on the value of partnerships with top hotel brands, the importance of understanding Franchise Disclosure Documents (FDDs), and how key money can impact hotel conversions.

In this episode, you will learn:
  • Kishane’s family journey from small motels to a successful hotel portfolio highlights generational values
  • Benefits of Branded vs. Independent Hotels
  • Protecting and optimizing investments through expert legal guidance
  • How strong partnerships with brand teams support long-term hotel success
  • Key FDD points every potential franchisee should know
  • Tips on franchise negotiation and safeguarding owner interests
  • Pros and cons of key money to support rebranding efforts
  • The importance of Attorneys to help clients identify and renegotiate unfavorable terms in contracts
  • Guidance for aspiring hoteliers on franchises and acquisitions.

    • And so much more!

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