Sagar Patel, Principal of Capital Strategy at Witness Investments sat down with Josh Ramsey to discuss the company’s evolution and their recent launch of a fund focused on acquiring select-service hotels in the Midwest. Witness Investments targets secondary and tertiary markets, aiming for properties with high revenue density.

Sagar explains the importance of revenue per available room (RevPAR) and profitability considerations, balancing occupancy and rate to maximize returns. He details the fund’s investment strategy, which includes acquiring properties with improvement potential, such as renovations, stabilization, or expense management. 

Listen to the full episode below!