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Ep. 62 (Story): Wayne Ung - An Inside Look at Hotel Investing
Have you ever considered investing in hotels? In this Story episode, Wayne Ung shares his experience and strategies for making this happen. He gives insights on what it is to run this business, the challenges faced, and the advantages of this mode of investing. Join us and listen in!
Wayne Ung brings 20 years of general real estate management experience with hotel-specific management since 2013. He invests in and/or managed several hotels including properties in Columbus, Ohio, Tucson AZ, and Albuquerque NM to name three.
[00:01 – 09:50] When Opportunity Finds You, Take It
- Wayne’s story on investing in hotels from doing liquor stores
- Finding an opportunity in Columbus, Ohio and making money
- Facing problems in almost every aspect - the contractors, the city, and break-ins
[09:51 – 19:32] Why Hotel Investing is a Considerable Option
- Hitting cash flow, equity, and value-add in hotel investing
- Population and traffic-based for ideal positioning
- The structure of the deal and the pros and cons of hotel investing
[19:33 – 30:41] Tactical Strategies to Employ
- Running up the numbers for occupancy targets
- The beauty of employing creativity and flexibility
- Trends to watch out for regarding the hotel industry
[30:42 – 32:19] Closing Segment
- Connect with Wayne!
Tweetable Quotes:
“The downside [of hotel investing] is just getting some apartment investors to understand how these things make money… You will be surprised at what hotels we get into. ” - Wayne Ung
“There's a general trend of where…hotel rooms are not being built anymore. So there's going to be [a] reduce on the hotels. So I think what's going to be going on is that these hotels will start going creeping up… So these hotels even though they're rundown, they're still needed.” - Wayne Ung
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Socials and Links
Check out Hotel Capital Inc on their website!
Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!
LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.
Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate
Visit our website to learn more about me and IN RHYTHM
Follow me on Instagram, Facebook, and Linkedin.
View all episodes
By Taylor CuHave you ever considered investing in hotels? In this Story episode, Wayne Ung shares his experience and strategies for making this happen. He gives insights on what it is to run this business, the challenges faced, and the advantages of this mode of investing. Join us and listen in!
Wayne Ung brings 20 years of general real estate management experience with hotel-specific management since 2013. He invests in and/or managed several hotels including properties in Columbus, Ohio, Tucson AZ, and Albuquerque NM to name three.
[00:01 – 09:50] When Opportunity Finds You, Take It
- Wayne’s story on investing in hotels from doing liquor stores
- Finding an opportunity in Columbus, Ohio and making money
- Facing problems in almost every aspect - the contractors, the city, and break-ins
[09:51 – 19:32] Why Hotel Investing is a Considerable Option
- Hitting cash flow, equity, and value-add in hotel investing
- Population and traffic-based for ideal positioning
- The structure of the deal and the pros and cons of hotel investing
[19:33 – 30:41] Tactical Strategies to Employ
- Running up the numbers for occupancy targets
- The beauty of employing creativity and flexibility
- Trends to watch out for regarding the hotel industry
[30:42 – 32:19] Closing Segment
- Connect with Wayne!
Tweetable Quotes:
“The downside [of hotel investing] is just getting some apartment investors to understand how these things make money… You will be surprised at what hotels we get into. ” - Wayne Ung
“There's a general trend of where…hotel rooms are not being built anymore. So there's going to be [a] reduce on the hotels. So I think what's going to be going on is that these hotels will start going creeping up… So these hotels even though they're rundown, they're still needed.” - Wayne Ung
----------------
Socials and Links
Check out Hotel Capital Inc on their website!
Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!
LEAVE A RATING AND REVIEW + help someone learn how to start their investing career by sharing this episode or click here to listen to our previous episodes.
Get IN RHYTHM and follow The Multifamily Artists Podcast on Apple Podcasts, Audible, and Captivate
Visit our website to learn more about me and IN RHYTHM
Follow me on Instagram, Facebook, and Linkedin.