Our closest competitor in Smithfield has achieved an ADR of $140 and RevPAR of $105 in 2022 and 2023, leading us to believe that a new mid-scale extended-stay property can achieve similar numbers.We welcome any insights from those in the hospitality industry on any aspect of this project.

There's a saying in the industry that 85-92% of the "developers" out there don't really know what they are doing. 

As long as you like your job and/or industry and could do it for the next 15 years, what you are doing would work perfect for your plan.As you gain experience, maybe you can move into more units per purchase or start to BRRRR.

REVPAR (Revenue per available room) has skyrocketed in the hotel industry the last few years, primarily because of Average Daily Rate (ADR) increases, but also because of boosts in occupancy, and ancillary income.

The one thing we all have in common is that we LOVE what we’re doing and love the real estate industry.  

Because if not, now you are reliant on contractors and such, and there is a significant learning curve in this industry just around how to manage them and not get exploited or ripped off.  

We have a few clients using AI for other industries such as mortgage, insurance and home services as well. 

There must be industrial flow meters but I expect they are expensive.

As someone passionate about finance and eager to explore opportunities in the lending industry, I'm looking for insights from those with experience in this field.

I am looking for some people to connect with in that area that may have more experience as we are out of state investors and have heard that Mississippi has great opportunities for cash flow and for people starting out in this industry.