Oct 24, 2024
Ian McClure CEO, Gulf Development in Dallas, Texas oversees and directs a group of affiliated real estate development and management companies with assets in fourteen states employing approximately 450 associates.
He’s now betting big on extended stay, sharing his journey from retail and multifamily development into hospitality. He shares the story of developing a 30-property portfolio with Wyndham's new Echo Suites brand. In fact, he recently opened the first one!
Get an inside look into why Ian believes extended stay hotels are the future of hospitality, his strategic partnership with Wyndham, and how the operating model is transforming the industry.
Key Takeaways:
- Ian McClure is leading the charge with 30 extended stay hotels across the U.S.
- Extended stay’s robust performance during the Great Recession and COVID.
- How operational efficiency drives their hotel design, reducing labor and increasing speed.
- The importance of standardized room design for scalability.
- The benefits of brand power: why Ian chose to align with Wyndham for global reach and distribution.
- Insights into creating a new hotel prototype from the developer’s perspective.
Plus
· Location strategy
· Site selection criteria:
· interest rates and how that effects long-term confidence
·
and
Advice for investors
This episode is brought to you by EchoSuites from Wyndham. Learn more about Wyndham Echo Suites here: https://development.wyndhamhotels.com/brand/echo-suites-extended-stay-by-wyndham/
Also, thanks to our sponsor sponsored by Dellisart Hospitality (www.dellisart.com), the leader in the third-party management of Extended Stay hotels.
#HospitalityIndustry #ExtendedStayHotels #WyndhamEchoSuites
#HotelDevelopment #RealEstateInvesting #HotelOperations
#FutureOfHospitality #PodcastInterview