Wall Street Trader Turned Hotel Broker: The Deal 40 Brokers Couldn't Close | Amiti Bhow E94
A 33-key Art Deco hotel in Miami sat on the market for five years. Forty brokers tried to sell it and failed. Amiti Bhow, Vice President at NewGen Advisory, finally got it done, not because she found a higher price, but because she found a buyer with certainty and clean terms.
In this episode, Michael Russell talks with Bhow about what actually closed the Marlin, a hotel with a recording history that includes Beyoncé, Pharrell, and Bob Marley, and why the ownership group she calls "hobbyists, not hoteliers" left real money on the table in OTA spend and revenue management. They get into the barbell shape of today's hotel market, where capital is chasing ultra-boutique experiences on one end and practical extended stay on the other, and what that leaves for hotels stuck in the middle. Bhow also walks through adaptive reuse, converting aging hotels into student housing, behavioral health facilities, or senior care as the baby boomer generation retires, and the underwriting checklist she uses beyond the spreadsheet: demand generators, incoming supply within a two-mile radius, and PIP cycles.
If you're evaluating a hotel deal, or wondering whether your property fits where the market is heading, this episode lays out the intangibles that actually separate a deal that closes from one that sits for five years.
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