Mike Stohler is a former commercial airline pilot, Navy veteran and co-founder at Gateway Private Equity Group, a real estate investment firm whose portfolio has included hotels, multifamily, and residential properties. Between apartment complexes, houses, and hotels, Mike has owned or operated over 1300 units. Seeking value-add opportunities and higher returns, Mike pivoted from multi-family to hotels and now focuses exclusively in this niche.
When Mike first started in real estate investing in 1999, he lacked experience and failed. Through committed action to learn, grow their skills, and help others, he has created immense change in his business and life.
Let’s dive in to learn more about hotel investing. LISTEN HERE:
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[00:01 – 04:59] Opening Segment
Mike talks about his background.
How he failed the first time he got into real estate.
The importance of having someone to guide you when starting out.
[05:10 – 08:25] Why He Went from Multifamily to Hotels
How Mike got back into real estate with the lessons learned from his past experience.
The importance of educating yourself and how it helped Mike.
The importance of having clarity on what you need help with.
How Mike started investing in hotel deals.
The huge gross revenues gained from investing in hotels.
[08:25 – 30:07] Hotels vs. Apartments for Investing
How hotel investing differs from multifamily investing.
The things that Mike learned investing in hotels.
How valuation difference between hotels and multifamily.
What passive investors should look for when evaluating a hotel investment deal.
Why some hotels shut down, while others thrived through Covid.
How to compete in the hotel marketplace
[30:07 – 36:48] Bullseye Round
Not having a mentor when starting out.
Most Recommended Book:
Having a default calendar.
The next thing.
I Wish I Knew When I Was Starting:
That I don’t have only one option.
Best Place to Grab a Bite in Scottsdale, Arizona
The Ocean Club
“I have a hundred room hotel and I get to change my rent everyday.” – Michael Stohler
“Once you start getting in talking to investors, if you are not confident – they will see right through you.” – Michael Stohler
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