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Podcast: No Vacancy Live!
Episode: 893: Navigating Hotel Development Evolution w Vision's Mitch Patel
Description: We discuss current trends and challenges in the hospitality industry with Mitch Patel, CEO of Vision Hospitality Group, focusing on the rise of extended stay hotels, innovative development strategies, and the importance of creating memorable guest experiences. Mitch shares his expertise on: Extended Stay Success: Why extended stay properties have become a "darling" of the industry, and how Vision Hospitality has leveraged this trend. Development Challenges: Navigating construction cost volatility, labor shortages, and high interest rates in today's hotel development landscape. Lifestyle Select Service Hotels: The growing popularity of lifestyle select s...