AAHOA held its inaugural HerOwnership Conference & Retreat at the Radisson Hotel Cincinnati Riverfront from October 26-27, 2022. The HerOwnership Conference & Retreat wasn’t a typical women’s event; it focused on women who are interested in owning their ﬁrst hotel or learning about owning hotels in general. The event was designed to educate women about how to own a property or business and promote women who are interested in exploring hotel ownership.
“Seeing all of these dynamic women in all areas of hospitality come together for a few days of education and relaxation was extremely powerful,” said AAHOA Female Director Eastern Division Lina Patel, CHO. “I’m proud to have worked alongside the entire AAHOA team in launching the HerOwnership program. This conference and retreat gave women hoteliers an opportunity of a lifetime.”
“Our industry is relationship-focused. Cultivating your relationships outside of your usual norm is important. Cultivate relationships with franchisors and cultivate your relationships with local lenders. When I went for my ﬁrst commercial loan, I got rejected. I was feeling so good about it, but I realized I went to a bank I didn’t have a relationship with,” said Tejal N. Patel, one of the panelists, and AAHOA Female Director Western Division. “My family had a relationship with a local lender for many years. So, when I went through that door and let them know I was a part of the family, I saw the door open a little bit.”
“This is an important message AAHOA is sending to the industry,” said AAHOA Chairman Neal Patel, CHO, CHIA. “These women are trailblazers and ﬁnally getting the support and education they need to take their businesses to the next level, and support their families.”