This week on the podcast, we are joined by Sabena Arora-Akarte, founder of Acadia Lodging Brokers and Advisors. Sabena has over 20 years of hospitality real estate experience and she’s done everything from acquisitions and development to asset management.
On this episode, we talk about her vast experience in the hospitality real estate business, what it’s like to work in the industry, networking and tips on how to make it into the real estate business.
QUOTES
“Hospitality, at the end of the day, is also a real estate business. It’s a people business, it’s a service business, and it is alo a real estate business.”
“You can have a great hotel, you can have a great service, but if you don’t buy it at the right time, finance it at the right time, and sell it at the right time, you don’t make any money on it.”
“You’ve got to network, you’ve got to be out there, especially in this day and age, and you’ve got to find your niche, what works for you.”
“Everybody’s on social media; I have not hit social media yet. I still like to touch and feel the person. I still like to pick up a phone and connect.”
MENTIONS
HVS Global Hospitality Services
Acadia Brokers (website)
Sabena Arora-Akarte (LinkedIn)
SHOW NOTES
[0:00:53.8] How Sabena got into the hospitality industry
[0:03:32.3] Sabena’s first job after school
[0:05:40.8] Sabena’s experience working at HVS
[0:07:50.7] Skills that helped Sabena become effective at her job at HVS
[0:09:37.8] Working at HEI
[0:12:44.1] Why she left HEI and started working at Highgate Holdings
[0:14:17.4] Difference between Highgate and HEI
[0:15:42.6] Making the transition from one company to another
[0:16:46.1] Tips for networking (especially when you hate it)
[0:19:10.9] Sabena’s thoughts on social media networking
[0:20:04.0] Becoming the founder of Acadia Lodging Brokers and Advisors
[0:23:04.9] Get to know more about Sabena and her business!
[0:23:38.9] What Sabena has to say as a woman in the real estate industry
[0:25:49.9] Sabena’s mentors
[0:28:27.0] Sabena’s recommended reads
[0:30:37.1] Advice for people trying to break into the real estate business