[EP 271] State of the Market Series: Dissecting Motel & Tourism Business Sales and trends in the Hospitality Industry

In this week’s release of the Deal Room Podcast - we’re back with a State of the Market series episode - where host, Joanna Oakey interviews Jenny Chellew, an expert in the hospitality and tourism industry, and a business broker advising on sales and acquisitions of motels.  Jenny highlights the role of occupancy rates, technology and property in the context of tourism and accommodation business sales, and also a number of opportunities for buyers in this sector. She touches on enhancing guest experiences (tip: get rid of your potholes!) and operational efficiency in accommodation businesses. She also digs into some of the critical differences between freehold and leasehold businesses - and how they can best prime themselves for a smooth sale. This episode is a must-listen for those interested in the hospitality industry, offering practical insights into the motel and accommodation sector. Jenny's knowledge and experience provide a unique perspective on the challenges and opportunities in this field. ABOUT OUR GUEST Jenny Chellew is an accredited Business Broker at Better Business Brokers, Australia and brings over 17 years of experience in property management and real estate. She leverages her firsthand knowledge of real estate and property management to facilitate the acquisition and sale of tourism and accommodation businesses - anything from hotels and motels to caravan parks and holiday units. Connect with Jenny Chellew via LinkedIn. To find out more visit https://www.betterbusinessbrokers.com.au/