Anyone w hotel mgmt experience willing to talk? Parents own a hotel that is suffering greatly but could be amazing. I know nothing and am not at the table and my generation is not wanted there.

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If you are early 40s and a consultant and your parents won’t listen to you, not sure what to say. Sometimes you learn more from beatings than from success

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Word, I’m Greek. PE firms and buyout shops lurk for business with good fundamentals but negative cash flow. A sale might be an option if a turnaround is not possible and you can’t force it

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I’m with D1. With all due respect, not sure 70 year olds should be tasked with turning around a failing business. Best of luck

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Also I am a lady 🐠 so the Greeks are less likely to listen (yes I say this abt my own family b/c I know them)

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Hire a consultant who they are willing to listen.. it’s a trial / error

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D1 I have been a Healthcare consultant for 10 years so they do not understand that my consulting experience can span industries. And they are very tight knit Greeks

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Thank you all for the advice and agree re them being out of their league. Collecting rent on a property on a busy city block is much different than owning a hotel. However, they own other successful businesses so they feel some sort of competence.

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Ladyfishburner@gmail.com if anyone wants to give specific advice to this Greek. Just want the parentals to either “fish” or cut bait in their endeavor

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I am early 40s and my parents and my mom’s siblings in their 70s have joint ownership. Who should advise them?!?!? My siblings and I have zero interest (monetarily but we are interested as family members) and are not invited to discuss.

our family owns a mid size hotel. what’s up?

They owned the property and collected rent for yrs and yrs. when hotel lease was up they took it over. And are now running the hotel. But it isn’t generating revenue and cannot be sold due to being under water. I think they can turn it around with help. Who helps?

You should increase profits. I can help. Also, I'm Greek 🇬🇷

Where is the hotel? Friends of mine own hotels all across the U.S. sounds like something they would be interested in

A1 I just reported you - you might want to delete that disgusting comment prior to getting banned. Others on this thread - pls also click on A1’s comment to report it if you want this off of FB.

^The A1 comment I was referring to is now removed fyi

What comment was it??

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