The Buona Companies’ Post

I look forward to this chat with Noelani (Berkholtz) Schroy! We’ll talk about the Sales perspective to Commercial Strategy and how we #Elevate and meet the demands of today! #ElevateSales #CommercialStrategy #BusinessAcumen #Leadership

Summer is coming to an end, so it's time to mark your calendars for the first Hospitality Alliance event of the season. Save the date for September 18th! Need a few reasons to attend? 1. Meet the new CEOs of Visit Bend and Visit Central Oregon- Jeff Knapp and Scott Larson, respectively 2. See the newly renovated Newberry Hotel Bend 3. Strengthen your relationships with industry peers

I love this stuff. And it's not just for hotels and restaurants. Absolutely every service business should think like this. If you're a creative agency and someone hires you to draft something up for their 10 year anniversary party, If you're a outsourced staffing company and you're hired because the client just closed a big round of funding, If you're an attorney and you're hired to draft closing docs for a sale, ... there are opportunities to do the job in a way that makes a client for life and creates a story they share. It's good for your business and let's be honest, it's just more fun. And if you're like, oh I don't have the budget to do stuff like this... Your finance person here is saying, this is customer retention and acquisition costs. You should ALWAYS have the budget for it even if you have to get extra creative and limit the actual cash out. This is often the cheapest and highest impact BD spend you can find. So go blow some minds.

It's the little things that mean the most. Will Guidara has mastered the concept of "unreasonable hospitality" and provides great reminders of how little, thoughtful actions can result in customer loyalty. Check out the example of unreasonable hospitality below. It's a good one! What do you do to make your clients/customers surprised and delighted?

Thank you 🖤Donna Hale🖤! We really appreciated you joining us. Your thoughts around hoteliers planning for the future were specifically insightful: "Don't chase the shiny objects." "Look at what you have in your tech stack and build on that wherever you can." #digitaltransformation #businessconsulting

Looking forward to reading the report. [Formerly ARVC]

I am excited to share the latest insights from our Q2 2024 Hospitality Report, covering key trends and performance metrics across the different markets, From Columbia to Charleston, Greenville, Hilton Head, Myrtle Beach and even Savannah. For a deeper dive into these trends and to see what’s on the horizon for South Carolina's hospitality market, read the full report here https://lnkd.in/ekvD6XvV #hospitality #realestate #southcarolina #markettrends #construction #investment #hotelindustry #hospitalityreport

Interesting statistic from the JLL’s bi-annual Capital Market Collective conference when inflation adjusting global capital market volumes. In 2009, we assumed the worst, in 2023 it was assumed we would find opportunities in an interest rate environment at a two decade high, impacting the cost of debt and therefore higher cost equity, insurance escalations and rate cuts right around the corner…. Now here we are in mid-2024 with insurance resembling normal growth (market specific), rates already cut in several larger GDP economies or signaling rate cuts this summer and plenty of equity ready to be deployed. If waiting for the perfect time to deploy capital and looking at a 5-7 year hold, look at the years proceding 2009….

Success story 👏 Hear how our hospitality specialist brokers Rafiq Bhamani and Nick Giles successfully matched Jeelie and his family with their ideal business! Are you interested in buying a hospitality business? Find out more by visiting our website, linkbusiness.co.nz #Hospitality #BuyABusiness

In the process of selling a hotel, the hotel’s general manager is an incredibly critical player. Often drafted into a sales process involuntarily, the GM can singlehandedly elevate or undermine the sale of his or her hotel, impacting its value meaningfully, either positively or negatively. In our April edition of Hospitality Industry Insights, Managing Director Christopher Plasencia discusses maximizing the impact of a hotel’s general manager in the sales process. Read the entire article here: https://lnkd.in/eATXDfHZ While you're there, be sure to sign up for more hospitality news and market analysis from The Plasencia Group by opting into our news and communications! Whether you're ready now or just beginning to prepare your property for a disposition, The Plasencia Group is here to assist you in maximizing your asset's value. Let our highly skilled team put its decades of invaluable experience to work for your hotel or suite of hospitality assets. We invite you to get in touch with one of our Investment Sales or Owner Representation team members today to discuss how we can help you achieve your investment objectives. #CRE #hotelinvestment #ownerrepresentation #assetmanagement