In this episode, Nicholas shares his extensive background in the hospitality industry, detailing his journey from working in prestigious hotels to running his own boutique hotel, the Norfolk Arms. He discusses the unique characteristics of the hotel, its historical significance, and the investment opportunities available in the boutique hotel sector. Nicholas also addresses the impact of COVID-19 on the hotel industry and shares insights on navigating the current market landscape.
Takeaways
- Nicholas has a rich background in hospitality, starting with the Savoy Group.
- The Norfolk Arms Hotel is a historic coaching inn with a unique charm.
- Investing in boutique hotels can yield high returns if managed well.
- COVID-19 had a significant impact on the hotel industry, but recovery is underway.
- Nicholas emphasizes the importance of character in hotels.
- Outsourcing certain business functions can streamline operations.
- The hotel market is competitive, but opportunities exist in unique locations.
- Nicholas aims for a balance between corporate and leisure clientele in hotels.
- Investment in hotels requires careful consideration of location and market trends.
- Nicholas is optimistic about the future of the hotel industry post-COVID.
Chapters
00:00 Introduction to Nicholas Corley and His Journey
06:52 The Formation and Vision of Imolart
09:27 Investment Insights in the Hotel Industry
14:59 Exploring the Norfolk Arms Hotel
20:48 Market Trends and Future Plans
25:20 Conclusion and Reflections on the Journey
25:39 New Chapter