396: Repositioning Hotels In Small, Popular Tourist Towns Is A Great Business

It’s difficult to create value when you do whatever everyone else is doing, and hard to find opportunities others haven’t discovered. One such asset class in independent hotels is small, popular tourist towns. Many of these hotels are run by ma and pa operators who have antiquated operating processes and lack the resources to update their properties. By making simple adjustments to operations, and updating the physical premises, there’s huge upside to these properties. Jonathan Twombly, Managing Member of Two Bridges Asset Management, is buying and improving independent hotels and achieving great profitability.