Room Change

REVIEW SUMMARY
Company. BayStar Hotel Group, Tampa
Industry. Hospitality
Key. Focusing on internal operations during development halt

Back in the days when cash flowed freely, hotel development and sales seemed easy. Vacationing families and business travelers were eager to book rooms, allowing hotels to enjoy high occupancy and making them attractive to commercial real estate investors.

George Glover remembers those days all too well, having spent more than four decades in the hospitality industry. Unfortunately, he has also seen how quickly those fortunes can turn with a bad economy. As part of that change, Glover has had to adjust from building and selling to helping mortgage holders continue operating their properties, along with his own.