Saxton Sharad, founding partner and CEO of Revival Hotels, is here to tell us how they are changing the industry for independent properties. The company is bringing experience to owners and changing how fees are structured.

Video Transcript

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Is it true, Anthony?

Are we live or are we Memorex?

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Glenn, you know that saying,

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if you want something done,

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give it to a busy person?

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Yes.

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Okay.

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Then why haven’t we gotten

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live shows done?

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I’m Anthony.

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Welcome to No Vacancy Live.

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That’s my friend, Glenn.

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You’re watching the number

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one show in hospitality.

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Hey everybody, welcome to No Vacancy Live.

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That’s Anthony Melchiorri,

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I am Glenn Hausman,

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and we are really putting

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back the live in No Vacancy Live today.

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Great to see you, Anthony.

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Sorry we haven’t been around.

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Great to be seeing you

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talking off camera saying

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that we haven’t spoken and

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I’m blaming him.

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And I refuse to call him

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when he doesn’t call me.

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Now,

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I also want to remind him that when

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you want something done,

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give it to a busy person.

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He said, busy.

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I’m busy.

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We’re all busy.

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But I will tell you,

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my busiest friends that

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have the busiest companies

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are the ones that get back to me quicker.

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You know that?

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I always get back to people, right?

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But everybody who follows my

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life knows that I’m really

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horrible at calling or

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talking to anybody ever.

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And I’m terrible at it too.

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But there are a few people, like,

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you know yeah friends

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business partners you know

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I know you know you think

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I’d be better at that but

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to be fair I got swept up

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in the spectacle of being

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in the incredible toledo

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ohio last weekend I’d like

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to thank the good friends

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over at first hospitality

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for allowing me to deliver

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an all-new keynote speech

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that I uh put together how

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was it how was it it was a

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lot of fun it was fun

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because I got to uh I don’t

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think you’re um you’re

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right microphone is working

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there um anthony um it was

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fun because um I got to do a better

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Yeah, I don’t think it’s on.

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Click it, tap it.

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Tap that mic?

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Yeah, it’s not on.

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Okay, so go ahead.

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Keep going.

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So it was really cool

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because I really got to

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talk about some of the

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issues that you and I

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discuss here on the show

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about how if you can get

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more engaged with yourself,

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with your community,

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with your people that you work with,

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that is what’s going to

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help develop and bring some

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of those more profits and

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happiness and all of that

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to your property.

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So that was a whole lot of fun.

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so um I’m sorry for some

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reason this might aha is

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that better yeah that’s I

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think that’s better hit

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that tap the mic again real

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quick yeah that’s better

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it’s working yeah just try

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to turn up your volume a

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little bit more put the mic

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a little closer to your

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face and we’ll be good to

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go so um what’s that how was high tech

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High-tech is in June.

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I mean, where did you just come from?

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I came from the first

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hospitality event last week.

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The week before that, I was at ALICE,

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the America’s Lodging

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Investment Conference.

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How was that?

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Right.

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ALICE was great.

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For those of you who have

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seen all of my ad nauseum

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coverage on that,

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you already know that the

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general consensus was that

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it looks like the new

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construction pipeline is picking up,

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at least when it comes to a

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lot of talking about new

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properties and early

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planning of properties.

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Additionally,

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a lot of deals weren’t done

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at the end of last year,

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but a lot of people seem to

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believe that throughout the year,

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those deals are going to

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ramp up and we’re going to

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be seeing a lot more

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success getting deals

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closed throughout the year.

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Expect us to be a little bit

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right now in a lull when it

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comes to demand out there.

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But again,

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through events and through

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leisure travel and through

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business travel,

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that should increase again

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throughout the year.

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Finally,

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even if you’re looking a little

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bit of pricing pressure out there,

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it looks like inflation is

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easing and the power to

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charge more for rooms is

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still there in aggregate.

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So it looks like it’s going

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to be a happy year for everybody.

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A friend of mine that sits

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on the board of one of

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these major hardware stores,

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We all know who that is.

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Literally called me this morning and said,

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what’s going on?

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Things are slower in the

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hardware store business.

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And things,

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because I guess they did some

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really incredible analysis.

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And the analysis showed that

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the hospitality industry is

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doing gangbusters.

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And it’s not slowing down.

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But the hardware store

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industry is doing better.

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And I said, yeah, because COVID.

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Right.

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Exactly.

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Yeah.

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Yeah,

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everybody redid their houses from 2020,

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21, and 22.

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They’re done with that.

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Now they’re out and traveling.

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But it was interesting that

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he called me and said,

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we’re just taking all our money.

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I was like, good.

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Right.

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But it’s funny that you

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should mention COVID

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because I think that

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started to really usher in

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a whole new way of thinking.

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And one of the things that

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we always talk about here, Anthony,

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on No Vacancy, is it really didn’t –

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create new trends and sped

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up a lot of trends.

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And in independent hotels,

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we’re seeing more and more

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and more desire for people to stay.

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So today’s guest is really awesome.

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We’ve got Saxon Sherrod.

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He is the founder and CEO of

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Revival Hotels.

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Now, he’s been around,

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and I know you’re still a young guy,

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but you’ve been around career-wise.

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Not only did you found this company,

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you were at Graduate Hotels,

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you were at AJ Capital Partners, you

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We’re at Hotel Ave.

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So you’re probably really

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itching to kind of redefine

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where you’re at after all

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that experience.

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Absolutely.

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Thank you so much for the

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great introduction, Glenn.

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Anthony, thanks for having me on.

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No, excited to talk about it.

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Young guy.

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I feel less and less young by the day.

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But no, it’s amazing.

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You know, touching on COVID,

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touching on everything.

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It’s not the same game anymore, right?

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You know, it’s… And you see the pro…

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all the brands and

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everything we have going on.

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It’s, you know,

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we really wanna make sure

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that how do we offer

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differentiated experiences

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and how do we offer

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something that’s new and

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hits today’s travelers needs.

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Right.

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And I do want to apologize

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to Saxton publicly because

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we were supposed to do a

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show with him last month.

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But I had some Internet

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issues and we were unable to go live.

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So it’s great to have you back over here.

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This is one of your hotels

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in Massachusetts,

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which is pretty cool and

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really speaks to the

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independent nature of where

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we’re going right now.

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So I’d love for you, Saxton.

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Share a little bit about how

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this hotel is reflective of

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the trends that you’re

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seeing and why you think

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Revival Hotels is able to

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capitalize on that.

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Groton Inn, extremely special hotel.

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It’s Groton, Massachusetts, not Groton,

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Connecticut.

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Really amazing story.

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So the old Groton Inn was

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actually one of the longest running,

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actively running hotels in the U.S.

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and it burnt down.

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Two great owners built the

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Groton Inn in the same

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style of the old hotel.

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So everything from the wood

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planks to floors to the way

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you walk inside,

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you think you’re in a

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classic old New England Inn,

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but it has all the amenities of today.

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So small property.

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That’s pretty cool.

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60 room property.

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But in addition to the Groton Inn,

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you’ll see below Forge and

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Vine is our restaurant on site,

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which has a gorgeous view of Gibbet Hill.

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So all of the history of

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Gibbet Hill in Groton, Massachusetts.

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And that’s a super popular,

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incredibly busy restaurant.

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So, you know,

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this isn’t your sleepy old

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New England Inn between the

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quality of the room product

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and the Forge and Vine restaurant.

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we are really a destination

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type property and you know

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why this is reflective of

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the hotels we manage uh

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again all of our hotels

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that we manage and work

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with are small independent

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hotels so I’m defined as

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under 150 rooms with no

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brand affiliation we have a

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little bit more fun in that

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space and we think that’s

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what people are looking for

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people are looking for

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something different uh

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postcode they want unique

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experiences they want to

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learn uh they want to see

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things um what’s great

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about this hotel is

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In addition to being a

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regional destination,

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like a lot of our

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properties where we really

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take a lot of that drive to

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leisure travel and bring people from

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the surrounding areas.

0:08:08.156 –> 0:08:10.137
This hotel also does a great

0:08:10.197 –> 0:08:11.617
job of servicing the community.

0:08:12.517 –> 0:08:14.237
You have a community in Groton, Mass.

0:08:15.278 –> 0:08:17.718
Great demographics.

0:08:17.759 –> 0:08:19.838
You have an artistic history.

0:08:19.879 –> 0:08:21.600
You have two of the greatest prep schools.

0:08:22.680 –> 0:08:23.319
Both were rivals.

0:08:23.339 –> 0:08:24.139
I didn’t go to either of them,

0:08:24.160 –> 0:08:25.339
so it’s hard calling them the greatest,

0:08:25.379 –> 0:08:27.141
but Groton Academy and Lawrence Academy,

0:08:28.100 –> 0:08:28.721
they’re in market.

0:08:28.901 –> 0:08:30.581
Newly opened Groton Hill Music,

0:08:30.620 –> 0:08:33.241
which is a world-class music venue.

0:08:33.361 –> 0:08:34.322
It really makes for

0:08:35.361 –> 0:08:37.062
Where can I go spend two, three,

0:08:37.163 –> 0:08:38.264
four days and have a

0:08:38.283 –> 0:08:39.264
world-class destination

0:08:39.304 –> 0:08:40.865
experience that isn’t a

0:08:40.885 –> 0:08:42.746
gateway market or isn’t the place?

0:08:42.767 –> 0:08:43.447
It isn’t Miami.

0:08:43.486 –> 0:08:44.128
It isn’t New York.

0:08:44.168 –> 0:08:45.008
It isn’t San Francisco.

0:08:45.028 –> 0:08:46.089
It’s how can I do something

0:08:46.129 –> 0:08:47.210
different and tell my

0:08:47.269 –> 0:08:49.530
friends about it and still

0:08:49.571 –> 0:08:51.753
have world-class art, world-class food,

0:08:51.873 –> 0:08:53.033
world-class experiences,

0:08:53.094 –> 0:08:54.995
but not be in that type of place.

0:08:55.235 –> 0:08:55.534
Anthony?

0:08:56.655 –> 0:08:57.216
No.

0:08:58.236 –> 0:08:59.618
Those are harder and harder

0:08:59.638 –> 0:09:00.558
to find when they’re not

0:09:00.599 –> 0:09:01.899
brand-affiliated because…

0:09:03.004 –> 0:09:04.443
There’s all the soft brands

0:09:04.563 –> 0:09:05.605
now are taking these

0:09:06.164 –> 0:09:07.325
beautiful little properties

0:09:07.784 –> 0:09:08.904
and putting them in the system,

0:09:09.326 –> 0:09:09.946
which is great,

0:09:10.066 –> 0:09:11.905
which is great for the brand.

0:09:11.985 –> 0:09:13.346
It’s great for them if they

0:09:13.366 –> 0:09:14.187
want to do it that way.

0:09:14.547 –> 0:09:15.986
But they lose a little bit control.

0:09:16.907 –> 0:09:18.087
Are you finding that as well?

0:09:18.548 –> 0:09:19.567
Like there’s few.

0:09:19.607 –> 0:09:19.847
Listen,

0:09:19.888 –> 0:09:20.967
I’m in the same business you’re in.

0:09:20.988 –> 0:09:21.168
Right.

0:09:21.288 –> 0:09:23.389
I don’t I don’t really manage the hotels.

0:09:23.448 –> 0:09:24.589
I’m a consultant for hotels.

0:09:25.288 –> 0:09:27.789
And, you know, they’re becoming, you know.

0:09:28.451 –> 0:09:29.692
Thank God I can consult on

0:09:29.751 –> 0:09:30.692
hotels that also have

0:09:30.712 –> 0:09:32.594
brands attached to them.

0:09:32.754 –> 0:09:34.275
But the independent hotels

0:09:34.696 –> 0:09:37.138
are fewer and further between.

0:09:37.756 –> 0:09:38.157
Absolutely.

0:09:38.277 –> 0:09:39.918
And for those who know me or

0:09:39.999 –> 0:09:40.859
you don’t see me sitting down,

0:09:40.899 –> 0:09:41.720
I’m six foot seven.

0:09:41.740 –> 0:09:42.660
So I really do people.

0:09:42.721 –> 0:09:43.480
No way.

0:09:43.721 –> 0:09:43.961
Yeah.

0:09:44.001 –> 0:09:45.102
So really people don’t refer

0:09:45.123 –> 0:09:46.443
to me as David very often,

0:09:46.524 –> 0:09:49.385
but it is the David versus Goliath model.

0:09:49.505 –> 0:09:50.647
That’s the world we live in today.

0:09:50.687 –> 0:09:52.087
And revival,

0:09:52.388 –> 0:09:54.269
Glenn mentioned some of my experiences,

0:09:54.750 –> 0:09:56.270
the whole revival concept,

0:09:56.410 –> 0:09:57.030
everything we do,

0:09:57.071 –> 0:09:58.351
whether it’s the management side,

0:09:58.392 –> 0:09:59.352
the consulting side,

0:09:59.393 –> 0:10:00.653
some of the new things we’re launching,

0:10:01.215 –> 0:10:02.596
everything we do is how do

0:10:02.615 –> 0:10:03.676
we empower these

0:10:03.775 –> 0:10:06.839
independent hotels to compete with

0:10:08.230 –> 0:10:09.331
and offer a great product

0:10:09.371 –> 0:10:10.832
that goes up against the big brands,

0:10:10.913 –> 0:10:11.113
right?

0:10:11.192 –> 0:10:13.094
It shouldn’t be a roll of the dice, right?

0:10:13.134 –> 0:10:14.313
We’ve all rolled that dice, right?

0:10:14.474 –> 0:10:18.015
We bring our partner, we bring our wives,

0:10:18.056 –> 0:10:20.157
we bring someone and it’s, oh my God,

0:10:20.256 –> 0:10:20.998
is it going to be as nice

0:10:21.018 –> 0:10:22.158
as the pictures are online?

0:10:22.298 –> 0:10:23.639
Or, oh my God, you know,

0:10:23.719 –> 0:10:24.458
what’s it going to be like?

0:10:24.860 –> 0:10:25.480
It’s hard.

0:10:25.679 –> 0:10:26.620
Obviously the brands have a

0:10:26.701 –> 0:10:28.562
huge advantage in that consistency level,

0:10:28.741 –> 0:10:28.961
right?

0:10:29.001 –> 0:10:29.841
That we don’t have in the

0:10:29.861 –> 0:10:30.503
independent space.

0:10:30.942 –> 0:10:31.962
But to your point, Anthony,

0:10:32.062 –> 0:10:33.163
in the independent space,

0:10:33.604 –> 0:10:35.245
We don’t have those handcuffs, right?

0:10:35.384 –> 0:10:36.046
Or we don’t have those

0:10:36.086 –> 0:10:37.606
things that we have to be

0:10:37.647 –> 0:10:39.087
forced into doing things certain ways.

0:10:39.607 –> 0:10:41.609
So we can create a more unique product,

0:10:41.749 –> 0:10:42.789
I find, a lot of ways.

0:10:42.970 –> 0:10:45.030
And it’s how do we focus on that?

0:10:45.072 –> 0:10:45.991
How do we do it, right?

0:10:46.331 –> 0:10:47.033
And the last thing is,

0:10:47.493 –> 0:10:48.693
if we try to operate a

0:10:48.734 –> 0:10:50.294
hotel the same way that a

0:10:50.355 –> 0:10:52.535
big brand operates a hotel, we’ll lose,

0:10:52.836 –> 0:10:52.996
right?

0:10:53.017 –> 0:10:54.216
We’re going to lose every day of the week.

0:10:54.658 –> 0:10:56.158
The big brands are amazing

0:10:56.318 –> 0:10:56.918
at what they do.

0:10:56.979 –> 0:10:59.140
Hilton, Hyatt, Marriott, Wyndham,

0:10:59.181 –> 0:10:59.600
insert here.

0:10:59.980 –> 0:11:01.302
they are incredible they

0:11:01.361 –> 0:11:02.302
have an army they’ve been

0:11:02.341 –> 0:11:03.322
doing it forever every

0:11:03.361 –> 0:11:04.543
piece of technology they

0:11:04.602 –> 0:11:06.884
know it all right how do we

0:11:07.803 –> 0:11:09.144
if we try to operate the

0:11:09.205 –> 0:11:10.784
exact same way they operate

0:11:11.284 –> 0:11:12.225
they’re going to be better

0:11:12.365 –> 0:11:13.966
so to me is making

0:11:14.005 –> 0:11:15.626
different their technology

0:11:15.866 –> 0:11:17.168
some some brands I will

0:11:17.187 –> 0:11:18.268
just say it’s not up to

0:11:18.288 –> 0:11:19.248
where it needs to be oh I

0:11:19.327 –> 0:11:20.749
agree technology is crazy

0:11:20.788 –> 0:11:21.609
anthony we know that we’ve

0:11:21.629 –> 0:11:22.269
been we’ve been in this

0:11:22.288 –> 0:11:23.350
business long enough right

0:11:23.350 –> 0:11:24.629
10 years ago you had three

0:11:24.649 –> 0:11:26.030
choices and you had to use it now

0:11:27.272 –> 0:11:29.193
between PMS, POS,

0:11:29.793 –> 0:11:31.076
revenue management software.

0:11:31.556 –> 0:11:32.537
How do you build these best

0:11:32.576 –> 0:11:35.019
in class tech stacks that are lightweight,

0:11:35.120 –> 0:11:35.700
more interesting?

0:11:35.759 –> 0:11:36.240
And you know,

0:11:36.260 –> 0:11:37.000
there’s some out there that

0:11:37.020 –> 0:11:39.023
we work with and we try to, to me,

0:11:39.082 –> 0:11:40.345
it’s when we meet most of

0:11:40.365 –> 0:11:41.044
these small owners,

0:11:41.905 –> 0:11:42.726
Most of these small owners

0:11:42.826 –> 0:11:44.168
aren’t hotel people, right?

0:11:44.207 –> 0:11:44.967
They don’t even know the

0:11:45.008 –> 0:11:46.849
difference between PMS or PLS,

0:11:46.869 –> 0:11:48.571
never mind who the systems are, right?

0:11:48.591 –> 0:11:50.392
So it’s how do we first

0:11:50.552 –> 0:11:52.232
introduce them to these systems?

0:11:52.953 –> 0:11:53.974
And then how through our

0:11:54.014 –> 0:11:55.294
network can we provide them

0:11:55.335 –> 0:11:56.096
with pricing and

0:11:56.135 –> 0:11:57.216
opportunities that allow

0:11:57.255 –> 0:11:58.317
them to have it at the same

0:11:58.356 –> 0:12:00.197
cost that a large hotel

0:12:00.238 –> 0:12:01.519
brand has it at so that

0:12:01.538 –> 0:12:02.320
they can stay competitive?

0:12:03.136 –> 0:12:04.018
Yeah, absolutely.

0:12:04.337 –> 0:12:05.238
So what are some of the,

0:12:05.918 –> 0:12:07.360
when you go in and start

0:12:07.379 –> 0:12:08.700
consulting and working with

0:12:08.779 –> 0:12:10.041
one of these independent hotels,

0:12:10.160 –> 0:12:11.121
what are some of the most

0:12:11.221 –> 0:12:12.503
common problems that you

0:12:12.602 –> 0:12:14.323
see throughout all of these

0:12:14.423 –> 0:12:16.664
properties that are out there?

0:12:16.684 –> 0:12:17.865
And how do you think that

0:12:17.926 –> 0:12:19.947
compares to the more

0:12:20.407 –> 0:12:22.307
sophisticated working with

0:12:22.368 –> 0:12:23.589
systems in the branded kind

0:12:23.609 –> 0:12:24.529
of universe problems?

0:12:24.909 –> 0:12:26.471
Well, I think the funniest thing is, again,

0:12:26.510 –> 0:12:27.270
to the point I mentioned,

0:12:27.331 –> 0:12:28.152
most of these owners,

0:12:28.892 –> 0:12:31.274
aren’t hotel people, right?

0:12:31.374 –> 0:12:32.174
So when they have this

0:12:32.215 –> 0:12:33.235
chance to build a hotel,

0:12:34.076 –> 0:12:35.317
they start to think of the hotel,

0:12:35.356 –> 0:12:37.058
whether it’s the product or

0:12:37.119 –> 0:12:38.120
the offerings or the

0:12:38.220 –> 0:12:39.581
systems or the org chart,

0:12:40.000 –> 0:12:41.763
they start to say, well,

0:12:41.783 –> 0:12:42.543
how does Hilton do it?

0:12:42.722 –> 0:12:43.423
How does Marriott do it?

0:12:43.443 –> 0:12:44.304
Or how do the hotels I’ve

0:12:44.325 –> 0:12:45.284
been to in the past do it?

0:12:45.304 –> 0:12:46.426
So let me try to do it the

0:12:46.446 –> 0:12:47.667
same way they do it, right?

0:12:48.687 –> 0:12:49.509
Again, you’ll lose.

0:12:50.168 –> 0:12:51.429
You’ll automatically lose.

0:12:51.770 –> 0:12:52.691
So rather than saying,

0:12:52.792 –> 0:12:54.293
how can I offer a different product?

0:12:55.105 –> 0:12:56.806
It’s how can I offer a

0:12:58.346 –> 0:13:00.466
product that is uniquely us?

0:13:00.746 –> 0:13:02.288
How can I take advantage advantages?

0:13:02.628 –> 0:13:03.607
I don’t need the same

0:13:03.687 –> 0:13:05.248
management structure that a

0:13:05.248 –> 0:13:06.567
300 room Hilton has,

0:13:06.889 –> 0:13:08.509
if I’m a 50 room independent.

0:13:09.188 –> 0:13:11.149
I don’t need the same

0:13:11.289 –> 0:13:13.730
check-in process that the, you know,

0:13:13.750 –> 0:13:14.330
I used to be the hotel

0:13:14.350 –> 0:13:16.311
manager at Caesar’s Palace, 1500 in,

0:13:16.311 –> 0:13:17.110
1500 out every day.

0:13:17.510 –> 0:13:18.230
I don’t need the same

0:13:18.270 –> 0:13:19.931
process if I’m a 50 room hotel.

0:13:19.951 –> 0:13:21.532
So how can I start to break

0:13:21.572 –> 0:13:22.312
down the barriers

0:13:23.052 –> 0:13:23.832
And do things right.

0:13:23.972 –> 0:13:24.854
One of the greatest things

0:13:24.894 –> 0:13:26.635
of our industry is meritocracy.

0:13:26.975 –> 0:13:27.155
Right.

0:13:27.317 –> 0:13:28.477
You can be a housekeeper.

0:13:28.518 –> 0:13:29.698
You can be a front desk agent.

0:13:29.979 –> 0:13:31.080
And if you want to be a GM,

0:13:31.201 –> 0:13:33.042
you work your way up and you can do that.

0:13:33.222 –> 0:13:34.663
That is what’s fascinating

0:13:34.683 –> 0:13:35.325
about our business.

0:13:36.145 –> 0:13:38.847
The risk with that is and

0:13:38.868 –> 0:13:39.668
the risk of growth in our

0:13:39.688 –> 0:13:40.690
business is you do things

0:13:40.730 –> 0:13:42.052
the way they’ve always been done.

0:13:42.917 –> 0:13:44.278
My boss did it this way.

0:13:44.399 –> 0:13:46.600
I worked at a hotel 10 years ago this way.

0:13:47.461 –> 0:13:49.403
Small hotels cannot afford to do that.

0:13:49.543 –> 0:13:50.745
Independent hotels cannot

0:13:50.785 –> 0:13:51.385
afford to do that.

0:13:51.546 –> 0:13:52.447
So, you know,

0:13:52.486 –> 0:13:54.048
we push our teams to ask why.

0:13:54.389 –> 0:13:55.490
Why are we doing things the

0:13:55.510 –> 0:13:56.071
way we’re doing them?

0:13:56.412 –> 0:13:56.851
Right.

0:13:56.912 –> 0:13:57.613
Try it differently.

0:13:58.212 –> 0:13:59.815
My guess is a lot of people

0:13:59.914 –> 0:14:02.116
just are just comfortable

0:14:02.136 –> 0:14:03.317
with the way things are.

0:14:03.778 –> 0:14:05.119
And they also don’t know

0:14:05.178 –> 0:14:06.379
what they don’t know.

0:14:06.941 –> 0:14:08.422
And there’s probably a whole

0:14:08.461 –> 0:14:10.043
lot of confusion out there.

0:14:10.102 –> 0:14:11.784
I get all of these pitches

0:14:11.884 –> 0:14:12.904
every single day for how

0:14:12.946 –> 0:14:13.645
people could help my

0:14:13.706 –> 0:14:15.827
website or market this show and all that.

0:14:15.847 –> 0:14:16.128
And I’m like,

0:14:16.148 –> 0:14:17.489
I don’t even understand what you do.

0:14:17.950 –> 0:14:19.711
Tell them not to email me either.

0:14:19.750 –> 0:14:20.772
Please go on.

0:14:21.331 –> 0:14:22.393
My box is full of it.

0:14:22.493 –> 0:14:22.774
And like,

0:14:23.993 –> 0:14:24.773
If you don’t know,

0:14:25.234 –> 0:14:26.933
you kind of get so much

0:14:27.594 –> 0:14:29.034
that you shut down.

0:14:29.294 –> 0:14:30.336
It’s paralyzing.

0:14:30.576 –> 0:14:32.836
And not only that, if you don’t know,

0:14:32.856 –> 0:14:34.116
one of the things we find

0:14:34.136 –> 0:14:35.096
when we go into these companies,

0:14:35.498 –> 0:14:36.177
the other thing about our

0:14:36.258 –> 0:14:37.038
management group that’s

0:14:37.057 –> 0:14:38.198
different is our management,

0:14:38.418 –> 0:14:40.700
our fees are actually based on GOP,

0:14:41.100 –> 0:14:41.899
a share of profit,

0:14:42.360 –> 0:14:44.081
rather than traditional top line fees.

0:14:44.360 –> 0:14:45.121
So we care about

0:14:45.162 –> 0:14:46.842
profitability just as much as our owners,

0:14:46.883 –> 0:14:47.043
right?

0:14:47.062 –> 0:14:48.004
We believe in partnership

0:14:48.043 –> 0:14:48.884
and aligning that way.

0:14:49.365 –> 0:14:50.245
The amount of times we go

0:14:50.264 –> 0:14:51.686
into a hotel and they’ve

0:14:51.745 –> 0:14:52.927
added on all these tech

0:14:52.966 –> 0:14:53.668
stacks or these

0:14:53.707 –> 0:14:54.828
affiliations or these

0:14:54.928 –> 0:14:56.429
memberships or these pieces

0:14:56.870 –> 0:14:59.812
that aren’t necessary, right?

0:15:01.673 –> 0:15:04.816
They don’t add value or you

0:15:04.855 –> 0:15:05.655
have two things doing the

0:15:05.716 –> 0:15:06.537
exact same thing,

0:15:06.596 –> 0:15:08.258
but the owner doesn’t know that, right?

0:15:08.317 –> 0:15:11.500
That cleanup saves massive amounts,

0:15:11.519 –> 0:15:11.721
you know?

0:15:13.101 –> 0:15:15.464
of profitability to these

0:15:15.484 –> 0:15:16.644
hotels right out of the gate.

0:15:17.144 –> 0:15:18.105
But you can’t fault them

0:15:18.166 –> 0:15:18.926
because if you told me

0:15:18.966 –> 0:15:20.226
tomorrow to go run a dental

0:15:20.248 –> 0:15:22.528
business or go run a law

0:15:22.568 –> 0:15:23.809
firm or go do something like that,

0:15:23.890 –> 0:15:24.791
I would fail as well.

0:15:24.951 –> 0:15:27.373
One thing you would do

0:15:28.173 –> 0:15:29.315
before you opened up that

0:15:29.394 –> 0:15:31.496
office building or whatever it is,

0:15:31.956 –> 0:15:34.019
you’d go to the expert and say,

0:15:34.519 –> 0:15:36.160
tell me everything I shouldn’t do.

0:15:37.081 –> 0:15:38.601
And that’s why I hope people come to you,

0:15:38.802 –> 0:15:39.761
Glenn, Anthony, me.

0:15:39.782 –> 0:15:40.562
I hope they come to us

0:15:40.581 –> 0:15:41.543
because that’s what we try

0:15:41.562 –> 0:15:42.923
to be in our space, right?

0:15:43.243 –> 0:15:44.004
I hope they don’t come to

0:15:44.043 –> 0:15:45.384
Glenn to manage their hotel.

0:15:45.964 –> 0:15:46.703
No, not at all.

0:15:46.965 –> 0:15:47.524
However,

0:15:48.144 –> 0:15:49.565
I work with a bunch of different

0:15:49.605 –> 0:15:50.785
companies that are entering

0:15:50.846 –> 0:15:52.667
the hospitality space, for example,

0:15:52.787 –> 0:15:54.027
and I act.

0:15:54.226 –> 0:15:55.726
as a shortcut for them to

0:15:55.787 –> 0:15:56.767
get to a place of

0:15:56.888 –> 0:15:58.528
understanding how they know

0:15:58.548 –> 0:15:59.528
how all the rules of

0:15:59.587 –> 0:16:00.727
engagement work in our

0:16:00.768 –> 0:16:01.988
business and how all of the

0:16:02.048 –> 0:16:04.149
systems work and all of that.

0:16:04.408 –> 0:16:06.009
And by having somebody to

0:16:06.048 –> 0:16:06.948
come in and help you and

0:16:06.989 –> 0:16:08.429
give you a database of

0:16:08.490 –> 0:16:10.110
knowledge for whatever it is,

0:16:10.169 –> 0:16:12.309
in this case, small independent hotels,

0:16:12.730 –> 0:16:14.311
you can save so,

0:16:14.471 –> 0:16:17.431
so much time and resources.

0:16:18.431 –> 0:16:20.692
It prevents you from being a

0:16:20.812 –> 0:16:21.511
hotel ambassador.

0:16:21.932 –> 0:16:22.432
That’s right.

0:16:22.452 –> 0:16:23.052
People don’t realize how

0:16:23.072 –> 0:16:24.354
small the network is, right?

0:16:24.474 –> 0:16:25.615
I mean, think about it.

0:16:25.635 –> 0:16:26.316
You mentioned the companies

0:16:26.355 –> 0:16:26.756
I’ve worked for,

0:16:26.797 –> 0:16:27.937
the companies you all have worked with,

0:16:28.018 –> 0:16:28.217
right?

0:16:28.258 –> 0:16:29.759
Like, it’s a small network.

0:16:29.779 –> 0:16:30.440
You go to Alice,

0:16:30.460 –> 0:16:32.361
you see the same 20 group

0:16:32.402 –> 0:16:33.763
of people everywhere, right?

0:16:34.985 –> 0:16:36.546
And it’s, you know, I always say I’m,

0:16:36.865 –> 0:16:37.086
you know,

0:16:37.106 –> 0:16:38.628
forget six degrees of Kevin Bacon,

0:16:38.868 –> 0:16:39.889
I’m five degrees of sex.

0:16:39.928 –> 0:16:41.149
And you call somebody in this space,

0:16:41.169 –> 0:16:41.971
I’ll get you in touch with

0:16:41.990 –> 0:16:43.251
the person you need to be in touch with,

0:16:43.351 –> 0:16:43.533
right?

0:16:43.552 –> 0:16:45.433
And that’s the value you can bring.

0:16:45.453 –> 0:16:45.534
Yeah.

0:16:46.034 –> 0:16:47.355
Two degrees of good houseman.

0:16:47.836 –> 0:16:48.716
Two degrees of good houseman.

0:16:48.756 –> 0:16:50.077
I think that should be your next podcast,

0:16:50.118 –> 0:16:50.318
right?

0:16:51.460 –> 0:16:52.500
Yeah, for sure.

0:16:52.821 –> 0:16:53.841
I think that’s really funny.

0:16:54.662 –> 0:16:56.823
So you get to this point

0:16:56.864 –> 0:16:58.205
where they don’t know what

0:16:58.384 –> 0:17:00.927
they don’t know, right?

0:17:01.087 –> 0:17:02.849
So how do you get in there

0:17:03.269 –> 0:17:05.431
and think about advising

0:17:05.471 –> 0:17:06.853
them in order to educate

0:17:06.893 –> 0:17:08.213
them so they could be off

0:17:08.314 –> 0:17:10.395
on their own being successful?

0:17:10.415 –> 0:17:10.675
Yeah.

0:17:11.007 –> 0:17:13.208
So I’ll always say, you know, my partner,

0:17:13.509 –> 0:17:14.548
when I started Postgres,

0:17:14.568 –> 0:17:16.130
my partner at Hotel Ave, Michelle Russo,

0:17:16.170 –> 0:17:17.270
had this line that said,

0:17:17.330 –> 0:17:18.372
good people want to do good.

0:17:18.912 –> 0:17:19.112
Right.

0:17:19.152 –> 0:17:20.492
Like kind of kind of easy.

0:17:20.553 –> 0:17:20.732
Right.

0:17:20.813 –> 0:17:21.953
Good people want to do good.

0:17:22.575 –> 0:17:23.615
You know, first off,

0:17:23.634 –> 0:17:24.276
what we have to do is we

0:17:24.296 –> 0:17:25.375
have to make sure we have good people.

0:17:25.856 –> 0:17:26.057
Right.

0:17:26.136 –> 0:17:27.377
And not that we go in and call.

0:17:27.778 –> 0:17:28.117
Frankly,

0:17:28.397 –> 0:17:30.640
we have we keep everybody in the

0:17:30.660 –> 0:17:31.079
organization,

0:17:31.700 –> 0:17:33.461
but we want people to know what good is.

0:17:33.682 –> 0:17:35.222
I think part of our business is.

0:17:36.144 –> 0:17:37.625
It’s so repetitive, right?

0:17:37.685 –> 0:17:39.048
It’s the same check-ins every day.

0:17:39.088 –> 0:17:40.590
It’s the same cleaning rooms every day.

0:17:40.631 –> 0:17:42.232
It’s the same making entrees

0:17:42.292 –> 0:17:44.817
every day that you start to

0:17:44.836 –> 0:17:45.919
forget what is good.

0:17:46.460 –> 0:17:47.580
And with so many people

0:17:47.601 –> 0:17:49.223
having little visibility to

0:17:49.284 –> 0:17:50.865
P&Ls or understanding the

0:17:50.925 –> 0:17:51.827
goals of the business,

0:17:52.926 –> 0:17:54.648
There’s no it’s complete immeasurability.

0:17:54.989 –> 0:17:55.189
Right.

0:17:55.229 –> 0:17:57.391
Like what made me do well today?

0:17:57.590 –> 0:17:58.731
So the biggest thing we

0:17:58.751 –> 0:17:59.553
start with is actually

0:17:59.573 –> 0:18:01.173
showing someone what are our goals?

0:18:01.775 –> 0:18:02.335
What is good?

0:18:02.615 –> 0:18:03.276
What isn’t good?

0:18:03.777 –> 0:18:05.198
And then how do we get to good?

0:18:05.337 –> 0:18:06.699
And what that does is, first off,

0:18:07.240 –> 0:18:09.221
it gets people tracking in that direction,

0:18:09.381 –> 0:18:10.301
thinking the right way.

0:18:10.663 –> 0:18:12.203
But that’s where the creativity starts.

0:18:13.005 –> 0:18:13.204
Right.

0:18:13.404 –> 0:18:14.506
That’s what we play.

0:18:14.586 –> 0:18:14.786
You know,

0:18:14.806 –> 0:18:15.967
we do a bunch of games and

0:18:16.027 –> 0:18:17.127
exercises and starting to

0:18:17.347 –> 0:18:17.949
make people think.

0:18:18.652 –> 0:18:22.252
How can I think if I want to get to X,

0:18:22.913 –> 0:18:24.354
what can I change to get there quicker?

0:18:25.173 –> 0:18:26.574
What can I change to get there better?

0:18:27.233 –> 0:18:28.815
And it’s that process change

0:18:28.894 –> 0:18:30.654
mindset that is really what

0:18:30.694 –> 0:18:31.976
we install that start to

0:18:31.996 –> 0:18:33.536
get people in place.

0:18:33.576 –> 0:18:35.316
Things like tech stack, super important.

0:18:35.675 –> 0:18:36.817
Things like partnerships,

0:18:36.896 –> 0:18:38.317
purchasing partnerships, all of that,

0:18:38.356 –> 0:18:38.997
it’s super important.

0:18:39.277 –> 0:18:40.438
But I can layer that in over

0:18:40.478 –> 0:18:41.337
the first couple months.

0:18:42.097 –> 0:18:43.117
What I can’t layer in are

0:18:43.137 –> 0:18:44.439
people who are naturally curious,

0:18:44.499 –> 0:18:45.298
who want to be better.

0:18:45.957 –> 0:18:46.657
And that’s kind of the

0:18:46.698 –> 0:18:47.959
culture change that has to

0:18:47.979 –> 0:18:49.039
start out of the gate.

0:18:49.079 –> 0:18:49.759
You just said it.

0:18:49.940 –> 0:18:51.761
And if there’s a key for

0:18:52.082 –> 0:18:54.243
anyone to hire anyone is

0:18:54.523 –> 0:18:56.305
forget about experience,

0:18:56.664 –> 0:18:57.925
naturally curious people,

0:18:58.767 –> 0:18:59.488
but make sure they’re

0:18:59.528 –> 0:19:01.189
naturally curious about the things.

0:19:01.409 –> 0:19:02.210
I don’t want people who are

0:19:02.230 –> 0:19:03.329
naturally curious about birds.

0:19:03.691 –> 0:19:04.290
I want people who are

0:19:04.310 –> 0:19:05.751
naturally curious about

0:19:05.791 –> 0:19:06.712
making people happy or a

0:19:06.752 –> 0:19:07.773
hospitality business or

0:19:07.814 –> 0:19:09.234
learning about wine or food

0:19:09.295 –> 0:19:11.676
or what makes hotels successful.

0:19:12.057 –> 0:19:13.538
And what we talked about off screen,

0:19:14.838 –> 0:19:18.123
Mike, was when I said something, you said,

0:19:18.163 –> 0:19:19.704
yeah, just getting people here on time.

0:19:19.724 –> 0:19:21.507
And then when you get them here on time,

0:19:21.527 –> 0:19:23.288
they want a Bentley, a condo and,

0:19:23.368 –> 0:19:23.650
you know,

0:19:24.210 –> 0:19:25.852
and first class airfare to Vegas

0:19:25.912 –> 0:19:27.213
because they showed up on time.

0:19:28.595 –> 0:19:29.876
That’s a real problem.

0:19:29.916 –> 0:19:31.398
But where I find the real problem is,

0:19:31.479 –> 0:19:33.401
is the acceptability of that behavior.

0:19:33.641 –> 0:19:33.840
Yep.

0:19:34.342 –> 0:19:34.642
It is.

0:19:34.842 –> 0:19:35.142
Yes.

0:19:35.321 –> 0:19:36.603
And people say to me, well,

0:19:36.643 –> 0:19:37.304
you don’t want hotels.

0:19:37.324 –> 0:19:39.726
Well, yes, I do because I am consulting.

0:19:39.746 –> 0:19:41.006
So I take it very seriously

0:19:41.027 –> 0:19:42.968
and I know and I feel the

0:19:43.008 –> 0:19:44.009
problems that people have.

0:19:44.388 –> 0:19:45.470
But at the end of the day,

0:19:45.490 –> 0:19:47.951
the one person that is

0:19:48.192 –> 0:19:49.633
showing up on time is really good.

0:19:50.133 –> 0:19:51.773
We’ll stop doing that if you

0:19:51.794 –> 0:19:53.134
let two and three people not do that.

0:19:54.277 –> 0:19:55.178
You’ve got to protect that

0:19:55.298 –> 0:19:55.878
one person who’s a

0:19:55.919 –> 0:19:57.501
superstar and go a little

0:19:57.541 –> 0:19:58.363
light like everybody’s

0:19:58.403 –> 0:19:59.203
going light right now.

0:19:59.545 –> 0:20:00.625
And we’ve got to show that

0:20:00.646 –> 0:20:01.728
that is unacceptable.

0:20:02.189 –> 0:20:03.770
Flexibility is acceptable.

0:20:04.807 –> 0:20:06.147
Having a schedule that works

0:20:06.167 –> 0:20:07.087
for you is acceptable.

0:20:07.647 –> 0:20:09.788
Giving us your opinion is acceptable.

0:20:11.209 –> 0:20:12.829
My job is acceptable.

0:20:13.250 –> 0:20:15.750
What’s not acceptable is making a contract,

0:20:15.790 –> 0:20:16.692
verbal or otherwise,

0:20:16.771 –> 0:20:19.813
with an employer saying, yes,

0:20:20.032 –> 0:20:23.213
I work three days from the

0:20:23.294 –> 0:20:25.095
hotel and two days from home,

0:20:25.115 –> 0:20:26.474
and I will be available

0:20:26.515 –> 0:20:29.296
from 8 o’clock to 4 o’clock, whatever.

0:20:29.875 –> 0:20:30.717
That’s a contract.

0:20:31.586 –> 0:20:32.488
Just abide by that.

0:20:33.087 –> 0:20:35.470
Everything else, we have to, as the older,

0:20:35.549 –> 0:20:37.111
at least me, the older generation,

0:20:37.230 –> 0:20:38.811
understand that the

0:20:38.893 –> 0:20:39.932
freedoms that are allowed

0:20:39.992 –> 0:20:41.974
now by technology are the

0:20:42.055 –> 0:20:44.336
freedoms I wish were available to me.

0:20:44.977 –> 0:20:47.239
I’m able to do today, just today.

0:20:47.259 –> 0:20:50.121
I am able to mix my family

0:20:50.161 –> 0:20:51.481
personal life with my

0:20:51.541 –> 0:20:53.103
business life flawlessly.

0:20:53.383 –> 0:20:56.226
I’m busy until 6 o’clock tonight, but…

0:20:56.986 –> 0:20:58.385
About three quarters is

0:20:58.425 –> 0:20:59.166
business and about a

0:20:59.247 –> 0:21:01.666
quarter is personal stuff

0:21:02.386 –> 0:21:04.488
because of the flexibility of technology.

0:21:04.847 –> 0:21:06.327
However, so all that’s right,

0:21:06.689 –> 0:21:08.628
but we’ve got to stop

0:21:09.169 –> 0:21:10.348
allowing mediocrity.

0:21:10.670 –> 0:21:13.829
You know, it’s when you want that,

0:21:13.849 –> 0:21:15.330
you know, you want it both ways.

0:21:15.351 –> 0:21:16.310
You can’t have it both ways.

0:21:17.079 –> 0:21:18.339
I work with this amazing owner.

0:21:18.400 –> 0:21:19.601
He owns these two luxury

0:21:19.661 –> 0:21:20.961
properties in Belize, actually,

0:21:21.000 –> 0:21:22.601
which got to go down to Belize recently.

0:21:22.681 –> 0:21:22.961
Awesome.

0:21:23.000 –> 0:21:24.301
Matachika and Gaia Resort.

0:21:24.362 –> 0:21:24.761
Beautiful.

0:21:24.781 –> 0:21:25.701
What did you say?

0:21:25.741 –> 0:21:26.642
Live show from Belize?

0:21:26.662 –> 0:21:27.541
I’m sorry.

0:21:27.561 –> 0:21:28.883
Yeah, I think it’s great.

0:21:28.982 –> 0:21:29.442
I’m down.

0:21:29.502 –> 0:21:30.262
Live show from Belize.

0:21:30.282 –> 0:21:30.762
We should do it.

0:21:32.242 –> 0:21:33.203
What’s the name of the place?

0:21:33.584 –> 0:21:35.203
So Matachika is on the beach.

0:21:35.824 –> 0:21:36.284
It’s great.

0:21:36.324 –> 0:21:37.644
And their sister property is Gaia,

0:21:37.684 –> 0:21:38.704
which is actually located

0:21:38.825 –> 0:21:39.444
in the rainforest.

0:21:39.644 –> 0:21:42.306
Two beautiful, experiential, high-touch,

0:21:42.365 –> 0:21:43.567
high-design resorts.

0:21:44.067 –> 0:21:45.508
And I was speaking with my client,

0:21:45.528 –> 0:21:47.188
the owner, who’s amazing, yesterday.

0:21:47.669 –> 0:21:48.868
And we were talking just about this.

0:21:48.929 –> 0:21:50.269
The second you let one

0:21:50.349 –> 0:21:53.310
person start to slide from accountability,

0:21:53.550 –> 0:21:55.071
you lose a culture of accountability.

0:21:55.132 –> 0:21:56.071
And accountability doesn’t

0:21:56.092 –> 0:21:56.873
mean discipline.

0:21:56.893 –> 0:21:58.113
Accountability doesn’t mean

0:21:58.833 –> 0:21:59.693
any of that bad stuff.

0:21:59.713 –> 0:22:00.713
But to your point, Anthony,

0:22:00.733 –> 0:22:01.595
you make a contract.

0:22:01.755 –> 0:22:03.556
People need to be held accountable, right?

0:22:03.996 –> 0:22:06.257
I’ll make a commitment to you.

0:22:06.376 –> 0:22:07.277
Please make a commitment to

0:22:07.317 –> 0:22:08.278
me so then I can make a

0:22:08.317 –> 0:22:09.157
commitment to my guests.

0:22:09.738 –> 0:22:12.801
As someone said to me last week,

0:22:13.982 –> 0:22:16.125
it was actually the provost of FIU.

0:22:16.644 –> 0:22:19.387
It’s about impulse control.

0:22:19.709 –> 0:22:22.751
If you allow people to have

0:22:22.791 –> 0:22:23.792
the impulse control they

0:22:23.833 –> 0:22:24.874
have in their personal life,

0:22:25.294 –> 0:22:26.835
to come into business, it doesn’t work.

0:22:27.255 –> 0:22:28.635
So you just got to modify

0:22:28.695 –> 0:22:29.236
that a little bit.

0:22:29.355 –> 0:22:30.717
You can still do things quickly.

0:22:30.876 –> 0:22:33.298
Again, it’s really important that,

0:22:33.317 –> 0:22:34.597
in my opinion,

0:22:34.999 –> 0:22:36.159
that everybody understand

0:22:36.538 –> 0:22:38.420
if you don’t move fast and

0:22:38.460 –> 0:22:39.441
if you don’t get with the

0:22:39.480 –> 0:22:41.121
times and you’re not where

0:22:41.182 –> 0:22:44.423
people want to be from flexibility,

0:22:44.442 –> 0:22:45.222
technology, whatever,

0:22:45.462 –> 0:22:46.124
you’re going to lose them.

0:22:46.723 –> 0:22:49.346
That is not an excuse to

0:22:49.728 –> 0:22:51.650
allow people who come in

0:22:51.690 –> 0:22:53.491
with their uniform dirty or

0:22:53.692 –> 0:22:55.375
to suck their teeth when

0:22:55.394 –> 0:22:57.257
they’re talking to you.

0:22:57.396 –> 0:22:59.400
And that’s what I’m finding.

0:22:59.420 –> 0:23:02.002
Anthony, you have no idea how hard it is.

0:23:03.044 –> 0:23:04.164
I work with a company right now.

0:23:04.224 –> 0:23:05.086
They don’t allow any of that.

0:23:05.105 –> 0:23:06.027
And they have a great company.

0:23:06.047 –> 0:23:07.107
They have loyal people.

0:23:07.528 –> 0:23:09.329
But they know there’s expectations.

0:23:09.450 –> 0:23:11.511
And it is very much a

0:23:11.712 –> 0:23:14.875
task-focused company that

0:23:14.895 –> 0:23:15.536
take care of people.

0:23:15.816 –> 0:23:16.696
And some of the children,

0:23:16.717 –> 0:23:17.577
people don’t want that.

0:23:17.718 –> 0:23:18.980
They want the structure.

0:23:19.119 –> 0:23:20.461
I was just going to say that.

0:23:20.500 –> 0:23:21.642
They need to know what the

0:23:21.721 –> 0:23:22.883
rules of engagement are in

0:23:23.022 –> 0:23:24.365
order to know what you have

0:23:24.404 –> 0:23:25.986
to do for this level and to

0:23:26.046 –> 0:23:27.268
succeed and exceed.

0:23:27.861 –> 0:23:28.642
Correct.

0:23:29.261 –> 0:23:30.482
Every kid at a high school

0:23:30.502 –> 0:23:31.442
should either be in sports

0:23:31.482 –> 0:23:32.384
in college if they go to

0:23:32.423 –> 0:23:33.484
college or go in the

0:23:33.505 –> 0:23:35.046
military for a short period

0:23:35.066 –> 0:23:36.767
of time or go into theater

0:23:37.166 –> 0:23:38.367
because you can’t.

0:23:38.428 –> 0:23:39.709
You’ve got to be part of a

0:23:39.769 –> 0:23:41.029
team to understand.

0:23:41.509 –> 0:23:42.830
You can’t like you don’t

0:23:42.851 –> 0:23:44.491
want to be the guy who has

0:23:44.511 –> 0:23:44.951
a bad attitude.

0:23:44.971 –> 0:23:46.113
There’s a thing on TikTok,

0:23:46.292 –> 0:23:46.952
my favorite thing.

0:23:47.354 –> 0:23:48.413
It was a basketball player

0:23:48.954 –> 0:23:49.835
and his friend must have

0:23:49.855 –> 0:23:51.556
made his teammate must have

0:23:51.576 –> 0:23:52.317
made a bad play.

0:23:52.656 –> 0:23:53.738
And the teammate was walking

0:23:53.998 –> 0:23:55.617
down the court with his face like this.

0:23:55.958 –> 0:23:57.298
And the kid comes up behind

0:23:57.338 –> 0:23:59.380
him and takes his face and picks it up.

0:23:59.940 –> 0:24:02.840
And that, to me, is everything.

0:24:03.201 –> 0:24:04.501
It’s like he didn’t allow

0:24:04.541 –> 0:24:05.903
him to be negative on himself.

0:24:06.343 –> 0:24:08.804
And that, as managers and executives,

0:24:09.144 –> 0:24:10.765
we have to say, pick your face up.

0:24:11.384 –> 0:24:12.346
And we’re in this together.

0:24:12.487 –> 0:24:13.248
And I thought that was a

0:24:13.288 –> 0:24:14.910
beautiful way for business

0:24:14.950 –> 0:24:16.893
or sports that your job as

0:24:16.972 –> 0:24:18.234
a teammate is to pick the

0:24:18.295 –> 0:24:19.435
other person up and don’t

0:24:19.496 –> 0:24:21.398
accept their negativity

0:24:21.419 –> 0:24:22.079
towards themselves.

0:24:23.080 –> 0:24:24.083
When you make a mistake,

0:24:24.482 –> 0:24:27.467
you have to have pride.

0:24:27.507 –> 0:24:28.469
I make mistakes all the time.

0:24:28.848 –> 0:24:30.289
Things are good and bad sometimes, right?

0:24:30.769 –> 0:24:31.871
But the one thing I don’t do

0:24:31.951 –> 0:24:32.771
is give up on myself.

0:24:32.832 –> 0:24:34.232
The one thing I don’t do is

0:24:34.272 –> 0:24:35.713
hold myself to a lower standard.

0:24:36.193 –> 0:24:38.234
I’m going to fail in life,

0:24:38.695 –> 0:24:40.537
but that doesn’t take away

0:24:41.237 –> 0:24:43.078
my feeling of myself and my

0:24:43.138 –> 0:24:44.239
credibility to myself.

0:24:44.859 –> 0:24:46.361
And when you start to see people like that,

0:24:46.381 –> 0:24:47.300
you got to hold them up and

0:24:47.340 –> 0:24:48.962
mentor them to say, listen,

0:24:49.343 –> 0:24:50.303
just because this was

0:24:50.343 –> 0:24:50.903
allowed in your last

0:24:50.943 –> 0:24:52.305
company doesn’t mean you’re

0:24:52.325 –> 0:24:53.766
going to be allowed in this company.

0:24:54.246 –> 0:24:55.866
And they want, to your point,

0:24:56.428 –> 0:24:58.528
they want that structure.

0:24:59.509 –> 0:25:00.470
I know this isn’t all about

0:25:00.529 –> 0:25:01.171
employee engagement.

0:25:01.191 –> 0:25:02.352
We’ll get to whatever else.

0:25:02.531 –> 0:25:04.973
There’s an amazing book that I read,

0:25:05.094 –> 0:25:06.414
got blessed that a mentor

0:25:06.434 –> 0:25:07.675
gave me when I was really

0:25:07.695 –> 0:25:09.176
young called The Three

0:25:09.217 –> 0:25:10.577
Signs of a Miserable Job by

0:25:10.637 –> 0:25:11.519
Patrick Lencioni.

0:25:11.538 –> 0:25:13.359
If you haven’t read it, it’s amazing.

0:25:13.500 –> 0:25:15.882
And the three pieces are immeasurement,

0:25:16.122 –> 0:25:17.403
irrelevance, and anonymity.

0:25:17.643 –> 0:25:18.463
Those are the three things

0:25:18.483 –> 0:25:20.965
that create workplace unhappiness.

0:25:21.046 –> 0:25:22.227
It isn’t little pay.

0:25:22.287 –> 0:25:24.387
It isn’t no time off.

0:25:24.448 –> 0:25:25.108
It’s those three things.

0:25:25.128 –> 0:25:26.028
So if you can let someone

0:25:26.068 –> 0:25:27.830
know that what they’re doing matters,

0:25:29.061 –> 0:25:29.804
If you can let them know

0:25:29.844 –> 0:25:31.247
that they’re more than just employee one,

0:25:31.267 –> 0:25:31.828
two, three, four,

0:25:31.868 –> 0:25:32.971
and really get to know them

0:25:33.030 –> 0:25:34.054
as a person and let them

0:25:34.094 –> 0:25:35.738
not be just an anonymous other number.

0:25:36.078 –> 0:25:36.921
What are those words?

0:25:37.040 –> 0:25:37.823
What are those words?

0:25:38.423 –> 0:25:38.984
In measurement.

0:25:40.019 –> 0:25:41.961
Irrelevance and anonymity.

0:25:42.101 –> 0:25:43.121
Those are the three parts of

0:25:43.181 –> 0:25:44.441
a miserable job.

0:25:44.682 –> 0:25:47.742
And I think, again, you know, 401k,

0:25:47.803 –> 0:25:49.522
work from home, all this is important.

0:25:49.542 –> 0:25:50.423
But if you can really get

0:25:50.482 –> 0:25:51.544
your staff and you can play

0:25:51.604 –> 0:25:52.304
on those three things,

0:25:52.324 –> 0:25:53.203
you’ll have a very loyal

0:25:53.223 –> 0:25:54.045
staff that give great

0:25:54.184 –> 0:25:54.904
service to our guests.

0:25:55.005 –> 0:25:55.585
It’s interesting.

0:25:55.625 –> 0:25:58.806
In my book, Show Up, I have five words.

0:25:58.905 –> 0:25:59.326
And one of them,

0:25:59.625 –> 0:26:01.487
the most important one is relevancy.

0:26:02.166 –> 0:26:03.827
Because if people don’t know you exist,

0:26:04.307 –> 0:26:04.969
it doesn’t matter.

0:26:06.469 –> 0:26:09.790
And sometimes I want to be irrelevant.

0:26:09.830 –> 0:26:10.770
I just don’t want to be around.

0:26:11.230 –> 0:26:12.372
And sometimes I want to be relevant.

0:26:12.412 –> 0:26:13.471
But I choose that.

0:26:13.491 –> 0:26:15.853
But you cannot be successful

0:26:16.554 –> 0:26:18.234
and not let people know you exist.

0:26:18.954 –> 0:26:20.556
And even in the job market,

0:26:20.615 –> 0:26:22.195
even if you work in a hotel in the county,

0:26:22.876 –> 0:26:23.856
every once in a while,

0:26:23.876 –> 0:26:25.238
you got to show up.

0:26:26.137 –> 0:26:28.159
And you got to let people know, hey,

0:26:28.219 –> 0:26:28.499
I’m here.

0:26:28.538 –> 0:26:29.779
Come out of your cubicle and

0:26:30.160 –> 0:26:31.221
I don’t know, go to the water cooler,

0:26:31.240 –> 0:26:32.780
go to the lunchroom or whatever.

0:26:33.342 –> 0:26:34.923
It’s critical.

0:26:34.942 –> 0:26:36.884
So, Glenn, I’m going to do what you do.

0:26:37.104 –> 0:26:37.743
What else, Glenn?

0:26:38.104 –> 0:26:38.605
Yeah, so…

0:26:42.000 –> 0:26:42.180
Yeah,

0:26:42.200 –> 0:26:44.121
that’s – if I’m done talking and I

0:26:44.161 –> 0:26:45.442
know someone else wants to speak,

0:26:45.481 –> 0:26:46.301
I’ll just throw it to them

0:26:46.582 –> 0:26:47.522
and then leave them hanging,

0:26:47.762 –> 0:26:49.022
particularly Anthony.

0:26:49.323 –> 0:26:50.483
But what I want to talk

0:26:50.523 –> 0:26:52.025
about is why did you choose

0:26:52.605 –> 0:26:53.984
to get in there and work

0:26:54.066 –> 0:26:56.326
with hoteliers that don’t

0:26:56.406 –> 0:26:57.047
have the level of

0:26:57.106 –> 0:26:58.287
experience that the folks

0:26:58.346 –> 0:26:59.288
you and I would be hanging

0:26:59.367 –> 0:27:01.548
out with at Alice or other places?

0:27:01.749 –> 0:27:02.148
Well, it’s funny.

0:27:02.189 –> 0:27:03.971
This is my third year not going to Alice,

0:27:04.211 –> 0:27:04.372
right?

0:27:04.392 –> 0:27:05.313
And I’ll probably go next

0:27:05.333 –> 0:27:06.354
year just because I miss my friends.

0:27:06.374 –> 0:27:07.234
Sure, people will be like, hey,

0:27:07.255 –> 0:27:08.316
it was great seeing you at Alice.

0:27:08.336 –> 0:27:08.476
Yeah,

0:27:08.556 –> 0:27:09.757
I still get the calls and the test

0:27:09.797 –> 0:27:10.038
questions.

0:27:10.077 –> 0:27:10.837
Where are we meeting for dinner?

0:27:10.857 –> 0:27:12.079
Where are we meeting for drinks, right?

0:27:12.160 –> 0:27:13.201
All my REIT buddies.

0:27:13.221 –> 0:27:15.442
No, I mean, at the end of the day,

0:27:15.462 –> 0:27:16.364
if you look at the U.S.

0:27:16.384 –> 0:27:16.964
market right now,

0:27:17.847 –> 0:27:20.009
there’s 5.3 million rooms in the US.

0:27:20.990 –> 0:27:22.490
Would you guess that 1.5

0:27:22.490 –> 0:27:24.752
million of those rooms are independent?

0:27:25.252 –> 0:27:26.834
So 29% of the hotel rooms in

0:27:26.854 –> 0:27:30.876
the US are non-brand affiliated, right?

0:27:30.916 –> 0:27:33.057
Those hotels, those owners,

0:27:33.358 –> 0:27:35.160
those properties need

0:27:35.279 –> 0:27:36.701
someone to help them level

0:27:36.740 –> 0:27:37.801
the playing field, right?

0:27:37.862 –> 0:27:40.262
And that’s where we want to offer.

0:27:40.343 –> 0:27:42.505
So whether it’s

0:27:43.208 –> 0:27:43.887
distribution?

0:27:43.948 –> 0:27:45.169
What’s our answer to points?

0:27:45.249 –> 0:27:46.849
What’s our answer to being

0:27:46.869 –> 0:27:47.769
able to get purchasing,

0:27:47.809 –> 0:27:48.470
as we talked about?

0:27:48.490 –> 0:27:50.211
The tech stack, the right tools,

0:27:50.652 –> 0:27:52.372
the right marketing, the right awareness.

0:27:52.771 –> 0:27:54.232
How do I find the right talent?

0:27:54.373 –> 0:27:55.574
How do I make sure that the

0:27:55.614 –> 0:27:56.574
talent is appropriate for

0:27:56.594 –> 0:27:57.555
the property that we’re running?

0:27:58.335 –> 0:27:59.316
That’s the stuff that we

0:27:59.355 –> 0:28:00.816
want to work with properties on.

0:28:00.836 –> 0:28:01.856
It’s how can we do it?

0:28:01.957 –> 0:28:04.238
And again, to me, more than ever,

0:28:04.557 –> 0:28:05.659
it’s really understanding.

0:28:05.699 –> 0:28:06.358
When I said 5.3 million

0:28:06.398 –> 0:28:07.779
rooms and 1.5 million are independent,

0:28:07.799 –> 0:28:07.920
I also

0:28:11.416 –> 0:28:12.596
completely excluded from that,

0:28:12.636 –> 0:28:13.717
the one point three million

0:28:13.737 –> 0:28:14.498
short term rentals.

0:28:14.577 –> 0:28:14.958
Right now,

0:28:14.998 –> 0:28:16.377
that’s a big word in our business.

0:28:16.438 –> 0:28:17.557
But you know what?

0:28:17.617 –> 0:28:18.678
Those are independent as

0:28:18.718 –> 0:28:19.758
well in a lot of ways.

0:28:20.259 –> 0:28:20.719
And, you know,

0:28:21.019 –> 0:28:21.979
when you start to think of

0:28:22.078 –> 0:28:23.919
consumer wants and consumer

0:28:23.959 –> 0:28:26.940
needs and post-COVID, it’s changed.

0:28:27.079 –> 0:28:28.279
What is somebody looking for

0:28:28.319 –> 0:28:29.200
in a hotel stay?

0:28:29.460 –> 0:28:29.640
Right.

0:28:29.759 –> 0:28:31.560
How can we reflect in that

0:28:32.681 –> 0:28:34.181
and give somebody something unique?

0:28:34.240 –> 0:28:34.401
Right.

0:28:34.441 –> 0:28:36.060
If I have a white horse and again,

0:28:36.141 –> 0:28:37.801
I’d argue the big brands of

0:28:37.821 –> 0:28:38.362
thoroughbreds.

0:28:38.422 –> 0:28:38.582
Right.

0:28:38.622 –> 0:28:39.221
So they are the

0:28:40.805 –> 0:28:42.404
American Pharaoh of horses, right?

0:28:42.424 –> 0:28:43.165
I was there for the triple

0:28:43.185 –> 0:28:44.766
crown at Belmont with that horse.

0:28:44.806 –> 0:28:45.326
Very impressive.

0:28:45.365 –> 0:28:46.665
I was going to go with Seattle slew.

0:28:46.685 –> 0:28:47.807
Oh, that’s a good one too.

0:28:47.967 –> 0:28:48.807
That’s a good one too.

0:28:48.886 –> 0:28:51.248
But if I have this great big white horse,

0:28:51.268 –> 0:28:52.688
that’s a thoroughbred, that’s great.

0:28:52.728 –> 0:28:53.567
But if a guest says they

0:28:53.587 –> 0:28:54.387
want something unique,

0:28:54.428 –> 0:28:55.689
I can’t paint black stripes

0:28:55.729 –> 0:28:57.068
and say it’s a zebra, right?

0:28:57.709 –> 0:28:58.628
I need a zebra.

0:28:59.049 –> 0:28:59.369
And to me,

0:28:59.430 –> 0:29:00.529
that’s what we want to work with.

0:29:00.549 –> 0:29:01.829
So how do we empower these

0:29:01.890 –> 0:29:04.790
groups so that A, they’re known.

0:29:05.523 –> 0:29:07.086
B, to the point we mentioned earlier,

0:29:07.365 –> 0:29:08.586
that it’s not a roll of the dice,

0:29:08.626 –> 0:29:11.288
whether it’s clean and up to standard,

0:29:11.348 –> 0:29:11.549
right?

0:29:11.589 –> 0:29:13.131
There’s that level of

0:29:13.211 –> 0:29:15.272
confidence for the consumer,

0:29:15.893 –> 0:29:17.075
but then also not only

0:29:17.134 –> 0:29:18.836
managing the top of the page on revenue,

0:29:18.855 –> 0:29:19.896
but how can we work on the

0:29:19.936 –> 0:29:20.938
middle of the page to make

0:29:20.958 –> 0:29:21.699
sure that you can actually

0:29:21.739 –> 0:29:23.119
create profitability, right?

0:29:23.200 –> 0:29:25.241
One of my dearest friends,

0:29:25.281 –> 0:29:26.603
I think one of the best

0:29:26.682 –> 0:29:27.624
operators in the industry guy,

0:29:27.663 –> 0:29:28.644
Mike Hoover is now the

0:29:28.845 –> 0:29:29.665
general manager over at the

0:29:29.726 –> 0:29:30.567
Moxie in Williamsburg,

0:29:30.606 –> 0:29:31.607
does an amazing job.

0:29:32.347 –> 0:29:33.368
worked with me at Graduate.

0:29:33.730 –> 0:29:35.191
He was with Blackberry Farm for a while.

0:29:35.351 –> 0:29:36.251
And to me, Blackberry,

0:29:36.551 –> 0:29:39.334
I think it’s probably, if not the best,

0:29:39.374 –> 0:29:39.894
in my opinion,

0:29:39.954 –> 0:29:41.316
one of the best resorts in the country.

0:29:41.336 –> 0:29:42.817
Amazing experiential property.

0:29:43.417 –> 0:29:44.419
But that hotel lost money

0:29:44.459 –> 0:29:46.300
for 30 years before it became profitable,

0:29:46.381 –> 0:29:49.163
despite having a $3,200 ADR today, right?

0:29:49.542 –> 0:29:50.703
At the end of the day,

0:29:51.184 –> 0:29:53.446
if you want to offer an independent hotel,

0:29:53.507 –> 0:29:54.768
you want to offer a great experience,

0:29:55.188 –> 0:29:55.469
you know what?

0:29:55.489 –> 0:29:56.950
You should also want to make money, right?

0:29:56.970 –> 0:29:57.691
You don’t want to have to

0:29:57.730 –> 0:29:59.112
lose money for 30 years to get there.

0:29:59.132 –> 0:29:59.192
So

0:29:59.719 –> 0:30:00.680
How can we come in?

0:30:00.880 –> 0:30:01.961
How can we work together?

0:30:02.480 –> 0:30:03.301
How can we partner?

0:30:03.382 –> 0:30:05.002
How can we bring our relationships,

0:30:05.482 –> 0:30:07.424
our experience, our network,

0:30:07.924 –> 0:30:09.507
and start to give you the

0:30:09.586 –> 0:30:10.847
tools that you can start to

0:30:10.887 –> 0:30:12.048
manage the middle of the page,

0:30:12.388 –> 0:30:13.549
just like a big brand does,

0:30:13.890 –> 0:30:15.711
without the 8%, 9%, 10% franchise fee?

0:30:15.790 –> 0:30:16.711
You know,

0:30:16.991 –> 0:30:18.593
what I found to be successful in

0:30:18.613 –> 0:30:20.275
my business is don’t have

0:30:20.315 –> 0:30:22.256
all the answers and don’t

0:30:22.276 –> 0:30:23.017
give all the answers.

0:30:23.868 –> 0:30:25.711
is to work as a partnership.

0:30:25.871 –> 0:30:26.912
Ask a lot of questions

0:30:27.271 –> 0:30:28.472
because not everything happens.

0:30:28.512 –> 0:30:29.233
And I’ll tell you what

0:30:29.453 –> 0:30:31.316
people want more than anything today.

0:30:31.435 –> 0:30:33.337
As all travelers, especially me and Glenn,

0:30:33.837 –> 0:30:34.919
we’re in a hotel every week.

0:30:35.819 –> 0:30:38.182
I have to do one next week

0:30:38.201 –> 0:30:38.843
and the week after.

0:30:39.563 –> 0:30:41.444
The one thing that people want,

0:30:41.884 –> 0:30:43.946
whether you’re an owner or

0:30:43.967 –> 0:30:45.028
hiring a management company

0:30:45.147 –> 0:30:46.730
or whether you’re a guest

0:30:46.769 –> 0:30:48.030
staying there or your employee,

0:30:48.451 –> 0:30:49.031
friction-free.

0:30:49.551 –> 0:30:50.813
We talked about that,

0:30:50.893 –> 0:30:52.054
but everybody wants

0:30:52.114 –> 0:30:53.434
friction-free everything.

0:30:53.755 –> 0:30:54.635
The reason we like our

0:30:54.695 –> 0:30:55.615
benefits on the airline

0:30:55.635 –> 0:30:57.196
that we fly is because

0:30:58.057 –> 0:30:59.338
you’re in a Delta Skyloud

0:30:59.838 –> 0:31:02.540
and you’re upgraded without asking.

0:31:02.881 –> 0:31:05.001
You’re just there.

0:31:05.063 –> 0:31:06.123
The reason I stay at certain

0:31:06.163 –> 0:31:07.163
hotels is because I’m there.

0:31:07.604 –> 0:31:08.865
The clients I have,

0:31:09.285 –> 0:31:10.625
I stay with or they stay

0:31:10.645 –> 0:31:12.467
with me because there’s no friction, man.

0:31:12.847 –> 0:31:14.189
I just want to make this easy.

0:31:14.249 –> 0:31:15.609
At a point in my life,

0:31:16.809 –> 0:31:18.211
I have the flexibility to do that.

0:31:19.372 –> 0:31:21.173
that a lot of businesses,

0:31:21.212 –> 0:31:22.153
a lot of management

0:31:22.193 –> 0:31:23.154
companies and consultants

0:31:23.775 –> 0:31:25.155
want to prove their value

0:31:25.415 –> 0:31:27.397
by giving information just

0:31:27.438 –> 0:31:28.238
to give information.

0:31:29.078 –> 0:31:30.159
And if you’re comfortable in

0:31:30.179 –> 0:31:31.220
what you do and you know

0:31:31.259 –> 0:31:31.901
how to move the needle,

0:31:31.921 –> 0:31:32.621
and I always say it,

0:31:33.201 –> 0:31:34.001
if you know how to run a

0:31:34.041 –> 0:31:35.323
P&L and you know cash flow,

0:31:37.144 –> 0:31:38.444
that’s 90% of the battle

0:31:38.765 –> 0:31:40.547
because all your decisions you’re making,

0:31:40.866 –> 0:31:42.347
you’re tying into that and

0:31:42.367 –> 0:31:43.949
then you can make valuable decisions.

0:31:44.484 –> 0:31:45.945
So if somebody says, should I have,

0:31:46.346 –> 0:31:47.445
should I have, you know,

0:31:47.465 –> 0:31:49.907
turndown service in the four star hotel?

0:31:51.008 –> 0:31:51.807
What’s your P&L look like?

0:31:51.827 –> 0:31:52.269
Let me see.

0:31:52.628 –> 0:31:53.409
We’re not going to get there.

0:31:53.709 –> 0:31:54.430
We’re not going to get there,

0:31:54.450 –> 0:31:54.970
but I want it.

0:31:55.089 –> 0:31:55.390
Okay.

0:31:55.990 –> 0:31:57.070
Can we raise rates by 20%?

0:31:57.671 –> 0:31:59.092
No, we can’t.

0:31:59.332 –> 0:32:00.813
Not in this market, not this hotel.

0:32:00.873 –> 0:32:01.373
We can’t do it.

0:32:01.653 –> 0:32:02.993
But if we give turndown service, we can’t.

0:32:03.034 –> 0:32:03.513
No, we can’t.

0:32:04.638 –> 0:32:05.858
You have to be realistic, right?

0:32:05.898 –> 0:32:06.480
Like you have to be

0:32:06.519 –> 0:32:07.539
realistic with what you have.

0:32:08.019 –> 0:32:09.059
Anthony, you are speaking.

0:32:09.560 –> 0:32:11.141
And I think that’s, again, you know,

0:32:11.161 –> 0:32:12.501
the REIT owners aren’t thinking that way,

0:32:12.781 –> 0:32:12.922
right?

0:32:12.961 –> 0:32:14.021
In most cases, you know,

0:32:14.082 –> 0:32:15.001
your big institutional

0:32:15.083 –> 0:32:16.563
owners are looking at profit, you know,

0:32:16.682 –> 0:32:17.762
what their quarterly

0:32:17.942 –> 0:32:19.584
returns and their investment reports,

0:32:19.624 –> 0:32:19.763
right?

0:32:19.804 –> 0:32:20.324
But a lot of these

0:32:20.344 –> 0:32:22.085
independent properties will

0:32:22.125 –> 0:32:23.045
go to a hotel and they’ll

0:32:23.085 –> 0:32:23.825
come back and say, oh,

0:32:23.904 –> 0:32:24.945
I just went to this hotel

0:32:24.986 –> 0:32:25.965
and they had this amenity.

0:32:25.986 –> 0:32:26.826
I want to bring it here.

0:32:27.686 –> 0:32:28.606
Sometimes you can do that.

0:32:28.866 –> 0:32:29.247
It’s great.

0:32:29.507 –> 0:32:30.488
But other times you have to

0:32:30.528 –> 0:32:30.988
say to yourself,

0:32:32.268 –> 0:32:33.951
not that hotel right your

0:32:33.971 –> 0:32:34.771
point you can’t have turned

0:32:34.791 –> 0:32:35.532
down your market won’t

0:32:35.553 –> 0:32:36.394
support the right to do

0:32:36.433 –> 0:32:37.916
that and others you can you

0:32:38.156 –> 0:32:39.338
have to listen and and I

0:32:39.378 –> 0:32:39.880
think one of the other

0:32:39.900 –> 0:32:40.359
things you talk about

0:32:40.380 –> 0:32:41.761
listening we do a lot of

0:32:41.781 –> 0:32:42.683
process change and my

0:32:43.088 –> 0:32:44.589
The consulting firms I’ve run in the past,

0:32:44.670 –> 0:32:45.589
whether it’s Postscript or

0:32:45.630 –> 0:32:47.151
I worked for Carpedia, you know,

0:32:47.171 –> 0:32:48.291
a lot of process change.

0:32:48.892 –> 0:32:50.432
I never came up with the great ideas.

0:32:50.913 –> 0:32:51.732
I still don’t come up with

0:32:51.752 –> 0:32:52.314
the great ideas.

0:32:52.634 –> 0:32:52.814
Right.

0:32:52.854 –> 0:32:54.454
The great ideas come from the team.

0:32:54.634 –> 0:32:56.035
It’s listening to the housekeepers.

0:32:56.095 –> 0:32:57.496
It’s listening to the agents.

0:32:57.816 –> 0:32:58.215
It’s listening.

0:32:58.576 –> 0:32:59.457
What are the things to me?

0:32:59.497 –> 0:33:00.116
If you want to know what

0:33:00.136 –> 0:33:01.357
someone likes on a dish or

0:33:01.417 –> 0:33:02.278
doesn’t like on a dish or

0:33:02.298 –> 0:33:03.679
your portion size is appropriate.

0:33:04.019 –> 0:33:05.039
Talk to the dishwasher.

0:33:05.900 –> 0:33:07.279
That person knows every plate,

0:33:07.319 –> 0:33:08.861
what’s being thrown away on every plate.

0:33:09.060 –> 0:33:10.320
Those are the people to get

0:33:10.361 –> 0:33:11.961
that information from and listen to.

0:33:12.402 –> 0:33:14.001
So you can actually make decisions,

0:33:14.362 –> 0:33:15.082
Anthony, to your point,

0:33:15.122 –> 0:33:15.942
that make a difference for

0:33:15.981 –> 0:33:18.083
that bottom line.

0:33:18.623 –> 0:33:20.022
Great example, Droughton Inn.

0:33:20.063 –> 0:33:22.183
We have these awesome water

0:33:22.223 –> 0:33:23.523
stations on every floor to

0:33:23.644 –> 0:33:24.584
save the environment.

0:33:24.784 –> 0:33:25.724
Plastic bottles in the room.

0:33:26.045 –> 0:33:26.805
When we took over,

0:33:26.944 –> 0:33:27.944
every room was set up with

0:33:28.005 –> 0:33:28.744
a glass bottle.

0:33:28.865 –> 0:33:30.046
So you would take your glass bottle,

0:33:30.066 –> 0:33:31.185
you would go to the water station,

0:33:31.205 –> 0:33:31.786
you would fill it up.

0:33:33.509 –> 0:33:33.848
First off,

0:33:33.888 –> 0:33:35.109
it’s a pain for the housekeepers

0:33:35.130 –> 0:33:36.412
to bring the glass bottles to the room.

0:33:36.551 –> 0:33:36.991
Second of all,

0:33:37.011 –> 0:33:37.893
when I come back from my

0:33:37.932 –> 0:33:39.134
great dinner at Forge and Vine,

0:33:39.453 –> 0:33:40.515
I now have to go to my room,

0:33:40.595 –> 0:33:42.837
get my glass bottle, go to the station,

0:33:42.938 –> 0:33:43.778
fill it and come back.

0:33:44.378 –> 0:33:45.779
So the housekeepers were like,

0:33:45.839 –> 0:33:46.641
why do we keep it there?

0:33:46.820 –> 0:33:48.522
So I said, why do we keep it there?

0:33:48.863 –> 0:33:50.003
So we simply moved all the

0:33:50.044 –> 0:33:51.384
bottles to an area near the

0:33:51.423 –> 0:33:52.045
water station.

0:33:52.105 –> 0:33:53.425
You go fill it, you bring it to your room.

0:33:53.746 –> 0:33:54.605
Now, the housekeepers,

0:33:55.006 –> 0:33:55.826
their job is easier.

0:33:55.846 –> 0:33:56.626
They’re not setting every

0:33:56.666 –> 0:33:57.788
room with these bottles.

0:33:58.307 –> 0:33:59.628
My the guest experience is

0:33:59.729 –> 0:34:00.429
better because they’re not

0:34:00.469 –> 0:34:01.829
going to the room to retrieve the bottle,

0:34:01.869 –> 0:34:03.111
to bring it there, to bring it back.

0:34:03.770 –> 0:34:04.551
Everybody wins.

0:34:05.071 –> 0:34:05.311
You know,

0:34:05.751 –> 0:34:06.972
I took over the hotel when I took

0:34:07.012 –> 0:34:07.692
over the hotel.

0:34:07.712 –> 0:34:09.293
I wouldn’t have known that.

0:34:09.893 –> 0:34:10.114
Right.

0:34:10.335 –> 0:34:10.614
I mean,

0:34:10.934 –> 0:34:12.076
but it took me to listen to a

0:34:12.096 –> 0:34:13.596
housekeeper to say, why do we do this?

0:34:14.097 –> 0:34:15.577
So the more you can listen, Anthony,

0:34:15.597 –> 0:34:18.039
I think that was huge and so insightful.

0:34:18.617 –> 0:34:19.780
The more you can listen to

0:34:20.041 –> 0:34:21.264
everyone in the organization,

0:34:21.324 –> 0:34:22.467
the better product you’re going to have.

0:34:22.949 –> 0:34:23.130
All right,

0:34:23.150 –> 0:34:24.791
I got one last question for you

0:34:24.811 –> 0:34:25.490
because we got to head

0:34:25.510 –> 0:34:27.090
towards wrap up time.

0:34:27.391 –> 0:34:28.831
So there’s this weird

0:34:28.851 –> 0:34:30.431
dichotomy that I see out there.

0:34:30.733 –> 0:34:32.592
Everybody loves independent hotels,

0:34:32.652 –> 0:34:33.833
but all the major brands

0:34:33.853 –> 0:34:35.454
says loyalty is everything.

0:34:35.494 –> 0:34:37.135
And a lot of times we go to

0:34:37.175 –> 0:34:39.054
that reset of what we’re loyal to.

0:34:39.494 –> 0:34:40.795
How do you think about that

0:34:40.835 –> 0:34:42.655
particular issue and break

0:34:42.675 –> 0:34:43.436
through it for success?

0:34:43.456 –> 0:34:44.476
Well, we’re thinking about it a lot.

0:34:44.577 –> 0:34:45.878
And honestly, right now at Revival,

0:34:45.898 –> 0:34:46.617
we’re actually working on

0:34:46.737 –> 0:34:47.637
potentially developing a

0:34:47.657 –> 0:34:49.998
brand with a product that addresses this.

0:34:50.838 –> 0:34:51.659
We were talking earlier

0:34:51.699 –> 0:34:52.920
about being guys who spend

0:34:52.960 –> 0:34:53.900
a lot of time on the road

0:34:54.400 –> 0:34:55.382
and our points and our

0:34:55.402 –> 0:34:56.402
million mile club and

0:34:56.481 –> 0:34:58.603
Anthony just mentioned his lounge, right?

0:34:58.824 –> 0:34:59.764
At the end of the day,

0:35:00.605 –> 0:35:01.744
our business for better or

0:35:01.784 –> 0:35:02.965
worse is still built on,

0:35:03.085 –> 0:35:04.766
let me stay five nights in Sandusky,

0:35:04.847 –> 0:35:05.807
Ohio for work during the

0:35:05.847 –> 0:35:06.688
week so I could bring my

0:35:06.748 –> 0:35:08.829
family to Hawaii for the holidays, right?

0:35:09.030 –> 0:35:09.409
Until…

0:35:10.697 –> 0:35:12.157
Hotels either can create a

0:35:12.338 –> 0:35:14.579
better reward experience or

0:35:14.619 –> 0:35:15.880
a better points experience.

0:35:16.179 –> 0:35:17.300
That will always be a

0:35:17.380 –> 0:35:18.961
massive disadvantage.

0:35:19.001 –> 0:35:19.762
There’s a couple of groups

0:35:19.802 –> 0:35:20.603
out there that are working

0:35:20.663 –> 0:35:21.362
on it right now.

0:35:22.764 –> 0:35:24.585
Frankly, pre-COVID,

0:35:24.804 –> 0:35:25.706
I was working on creating

0:35:25.746 –> 0:35:26.626
something at Graduate that

0:35:26.646 –> 0:35:27.626
I think could be brought to

0:35:27.666 –> 0:35:28.686
a larger market or brought

0:35:28.708 –> 0:35:29.307
to our collection.

0:35:30.097 –> 0:35:30.896
But first off,

0:35:31.356 –> 0:35:31.938
I want to create an

0:35:31.978 –> 0:35:32.918
experience that people are

0:35:32.998 –> 0:35:33.898
choosing that experience.

0:35:33.958 –> 0:35:34.697
I want to give people the

0:35:34.717 –> 0:35:36.958
freedom to stay where they want to stay.

0:35:37.239 –> 0:35:37.478
Right.

0:35:37.860 –> 0:35:39.039
Regardless of the fear of

0:35:39.159 –> 0:35:40.179
I’m giving up the points

0:35:40.340 –> 0:35:41.940
because points are a valuable commodity.

0:35:41.981 –> 0:35:42.121
Right.

0:35:42.141 –> 0:35:43.460
We all we all we all have them.

0:35:43.481 –> 0:35:44.581
We all have that memberships.

0:35:45.041 –> 0:35:45.942
But if I can create an

0:35:46.001 –> 0:35:47.141
experience or I can create

0:35:47.182 –> 0:35:48.382
a program that allows

0:35:48.402 –> 0:35:49.483
people to make the choice

0:35:49.503 –> 0:35:50.523
that they want in their

0:35:50.583 –> 0:35:51.724
heart and have that unique

0:35:51.764 –> 0:35:53.143
experience without feeling

0:35:53.164 –> 0:35:54.005
they’re foregoing that,

0:35:54.945 –> 0:35:56.766
that’s when we get the kind of the magic.

0:35:57.005 –> 0:35:57.246
Right.

0:35:57.525 –> 0:35:57.666
And

0:35:58.769 –> 0:36:00.010
uh in today’s world I hope

0:36:00.030 –> 0:36:00.891
that the hotels that you

0:36:00.911 –> 0:36:01.791
stay at independently and I

0:36:01.833 –> 0:36:02.693
hope the hotels that I said

0:36:02.713 –> 0:36:03.474
independently even if I

0:36:03.514 –> 0:36:04.574
have to forego it I hope

0:36:04.594 –> 0:36:05.375
that the experience

0:36:05.896 –> 0:36:07.597
outweighs that but man

0:36:08.317 –> 0:36:08.958
wouldn’t it be great to

0:36:08.998 –> 0:36:09.958
have my cake and eat it too

0:36:10.179 –> 0:36:11.199
right like wouldn’t it be

0:36:11.239 –> 0:36:12.380
great to have both sides

0:36:12.681 –> 0:36:13.740
both sides of that and I

0:36:13.782 –> 0:36:14.722
think there’s a way to do

0:36:14.782 –> 0:36:15.742
it and uh you know at

0:36:15.802 –> 0:36:16.583
revival we’re going to be

0:36:16.603 –> 0:36:17.384
spending a lot of time

0:36:17.443 –> 0:36:18.724
working on that and would

0:36:18.764 –> 0:36:19.646
love to keep talking to

0:36:19.666 –> 0:36:20.326
people about it so

0:36:21.373 –> 0:36:21.753
Beautiful.

0:36:22.153 –> 0:36:23.494
I absolutely love that.

0:36:23.755 –> 0:36:24.155
Saxon,

0:36:24.175 –> 0:36:26.217
how can we learn more about what you

0:36:26.436 –> 0:36:27.217
are up to?

0:36:27.237 –> 0:36:28.358
Yeah, so first off,

0:36:28.458 –> 0:36:29.358
I am a completely

0:36:29.458 –> 0:36:30.659
self-described hotel nerd.

0:36:31.280 –> 0:36:32.400
I love talking to people,

0:36:33.300 –> 0:36:34.661
even when I don’t charge consulting fees.

0:36:34.902 –> 0:36:36.143
I’m not that type of consultant.

0:36:37.322 –> 0:36:38.422
Whether it’s a phone call,

0:36:38.603 –> 0:36:39.563
even on our website,

0:36:39.744 –> 0:36:41.164
it’s my direct cell phone number.

0:36:41.284 –> 0:36:42.443
I love talking to people

0:36:42.463 –> 0:36:43.143
about this business.

0:36:43.664 –> 0:36:44.885
My fifth grade yearbook says

0:36:44.945 –> 0:36:46.184
I was going to own and operate hotels.

0:36:46.204 –> 0:36:46.784
No way.

0:36:47.425 –> 0:36:48.746
Yeah, I grew up the son of a chef.

0:36:48.766 –> 0:36:49.965
This is what I’ve always wanted to do.

0:36:50.126 –> 0:36:51.226
I love this business.

0:36:51.266 –> 0:36:53.686
So I’m happy to talk to anything, anyone,

0:36:53.706 –> 0:36:54.286
anytime.

0:36:54.806 –> 0:36:56.588
Our website is www.RevivalHotels.com.

0:37:03.150 –> 0:37:04.813
very basic website, but really designed.

0:37:04.853 –> 0:37:05.833
So you get my information,

0:37:05.873 –> 0:37:07.175
you call me up and we’ll

0:37:07.195 –> 0:37:08.115
create something and try to

0:37:08.135 –> 0:37:09.356
create a partnership going forward.

0:37:09.396 –> 0:37:10.998
So that’s beautiful.

0:37:11.438 –> 0:37:12.159
Thank you, Saxton.

0:37:12.179 –> 0:37:13.722
Really appreciate you being here.

0:37:13.742 –> 0:37:15.362
And that was fun, Anthony,

0:37:15.382 –> 0:37:16.264
because I really love

0:37:16.463 –> 0:37:17.525
independent hotels and I

0:37:17.565 –> 0:37:18.766
want to see more properties

0:37:18.806 –> 0:37:20.347
like this Groton Inn, for example,

0:37:20.367 –> 0:37:20.909
be successful.

0:37:21.494 –> 0:37:22.253
And the difference between a

0:37:22.273 –> 0:37:23.074
hotel like that being

0:37:23.094 –> 0:37:23.735
successful and not

0:37:23.775 –> 0:37:25.235
successful is just a few

0:37:25.356 –> 0:37:26.956
don’t dos or a few dos.

0:37:27.536 –> 0:37:29.016
And it’s not rocket science.

0:37:29.197 –> 0:37:31.137
And it really works every

0:37:31.157 –> 0:37:32.878
single time in every single hotel.

0:37:33.539 –> 0:37:37.400
The basic strategies are the same.

0:37:37.940 –> 0:37:39.961
And it’s just the enthusiasm

0:37:40.001 –> 0:37:40.681
for your product.

0:37:41.344 –> 0:37:43.126
the pride, the quality,

0:37:43.586 –> 0:37:44.748
and the profitability, right?

0:37:44.788 –> 0:37:45.389
And you can’t get the

0:37:45.409 –> 0:37:46.750
profitability and have fun

0:37:47.771 –> 0:37:49.231
if you have two or three

0:37:49.271 –> 0:37:50.092
things out of sync.

0:37:50.233 –> 0:37:52.094
So anyway, yeah, great conversation.

0:37:52.114 –> 0:37:52.175
Hey,

0:37:52.215 –> 0:37:53.356
and if you want to have all your

0:37:53.376 –> 0:37:54.335
things in sync, well,

0:37:54.376 –> 0:37:55.056
make sure that you’re not

0:37:55.097 –> 0:37:56.137
only watching us,

0:37:56.297 –> 0:37:57.498
but listening to us

0:37:57.539 –> 0:38:00.141
wherever you download your podcast.

0:38:00.161 –> 0:38:01.342
Come on, subscribe to the show,

0:38:01.643 –> 0:38:02.523
show us a little bit of love,

0:38:02.824 –> 0:38:03.704
and why not keep watching

0:38:03.764 –> 0:38:04.885
us wherever you watch the show,

0:38:04.925 –> 0:38:05.686
all shows are housed at

0:38:05.726 –> 0:38:07.568
NoVacancyNews.com for your

0:38:07.688 –> 0:38:08.367
viewing pleasure.

0:38:08.728 –> 0:38:09.748
Anthony, great seeing you.

0:38:09.809 –> 0:38:10.429
Tomorrow,

0:38:10.449 –> 0:38:12.610
we’re back with another live show.

0:38:12.650 –> 0:38:15.291
We’ve got our friend Chris Manley.

0:38:15.351 –> 0:38:17.293
He’s with Five Senses Management.

0:38:17.393 –> 0:38:18.014
I’m looking forward to

0:38:18.034 –> 0:38:19.835
having him on out of Colorado.

0:38:20.215 –> 0:38:21.556
And then we’ve got the

0:38:21.896 –> 0:38:23.376
president of Seabourn

0:38:23.436 –> 0:38:24.938
Cruises on Thursday.

0:38:24.958 –> 0:38:26.177
That’s going to be a lot of fun as well.

0:38:26.478 –> 0:38:27.199
Very excited.

0:38:27.639 –> 0:38:27.798
Yeah.

0:38:27.818 –> 0:38:28.599
All right, everybody.

0:38:28.619 –> 0:38:29.280
We’ll see you later.

0:38:29.340 –> 0:38:30.420
Remember, you’ve got one life,

0:38:30.440 –> 0:38:32.641
so blaze on and be kind to yourself.

0:38:32.981 –> 0:38:34.322
Bye-bye.

0:38:34.782 –> 0:38:35.844
Bye-bye, Glenn.

0:38:35.903 –> 0:38:36.264
See you.