GRJ

Two organizations that GRJ and The Pell proudly stand behind! The Pell Hotel is excited to announce we are the official Hotel Partner for two exceptional events that occur in Newport, Rhode Island. • Official Hotel Partner of the Audrain Newport Concours & Motor Week! As we gear up for this incredible celebration of automotive excellence, we can’t wait to welcome guests and car enthusiasts alike to our newly renovated hotel here in Aquidneck Island. Join us in experiencing the perfect blend of elegance, excitement, and unrivaled hospitality as we celebrate some of the finest automobiles in the world. From Thursday, October 3 - Sunday, October 6, 2024, Newport, Rhode Island will host a spectacular week of speed, style, and unforgettable moments! • Official Hotel Partner for the Amiga Newport Marathon on October 13th! As part of this partnership, The Pell is offering 15% off your stay if you register for the race. Ready to run with us? Register now @newportmarathon and let’s make this marathon unforgettable!  #runnpt #newporthalfmarathon #marathon #halfmarathon #newportmarathon #rhodeislandhalfmarathon #newport #rhodeislandrunning #newportri #rhodeisland #running #AudrainNewport #AudrainConcours #motorweek #ACMW2024 #audrainconcours

Let's redefine your real estate investments with Dallien Realty https://lnkd.in/eGQ3FQ-f #newyorkcity #investors #newyorkcityinvestors

Let's talk about the bedrock of #realestateinvesting

We are fearful when others are greedy, and greedy when others are fearful. Transactions appear to come to a standstill with the high interest rate environment, however, we approach this landscape as the perfect time to buy. #realestatedevelopment #realestatedeveloper #realestatedevelopers #renovation #development #investing #realestateinvesting #realestateinvestor #realestateinvestors 

Debt is the most important facet of real estate. Period. Properties are worth how much non-recourse debt you can put on them. How much can you borrow & at what rate? Then back into what your purchase price can be. You’re seeing real estate values have gone down significantly over the past two years, as interest rates have risen. Once interest rates decline and you can borrow cheaper money, you will see real estate values increase. #realestatedevelopment #realestatedeveloper #realestatedevelopers #renovation #development #investing #realestateinvesting #realestateinvestor #realestateinvestors 

“We found that it was certainly a less desirable location for investment capital to go, which we saw as an opportunity because we thought that was wrong,” Jones said. “We thought that this is a place we actually want to be investing in. We thought we could still get good value on our real estate. It wasn’t inflated like other areas of the country that a lot of people have been chasing [such as] Nashville and South Florida. We thought that as long as the business presence and main business community remained there, it would really elevate the whole city and the whole region.” https://lnkd.in/eZbYi_Rz #realestateinvesting #memphisrealestate

A New York City-based real estate investment and development firm is expanding its Memphis footprint, as it believes the city is the “next great investment opportunity.” GRJ LLC has acquired over 1,200 apartment units in the Memphis area since December 2020. Gregory Jones, the firm’s co-founder and co-managing member, said that GRJ's principals believe Memphis has strong potential for real estate investors. Jones said that Tennessee has always been of interest to investors, but that with Nashville filling up, Memphis has quietly built a strong economy attractive to investors still looking to plant money in Tennessee. The firm has already invested over $20 million across its five apartment complexes. Read more here: https://lnkd.in/eQbkK-qY

We believe in Memphis and soon many more will too. STREETINSIDER.com "GRJ, LLC Announces Strategic Expansion into Memphis Real Estate Market with Acquisitions of over 1000 Apartments in Tennessee" "We believe that Memphis is the next great investment opportunity in the country," founder Gregory Jones said when asked about the choice of location for this new series of investments. "The economic vibrancy of that region is unmatched." https://lnkd.in/eX9D_wEM #realestatedevelopment #realestatedeveloper #realestatedevelopers #renovation #development #investing #realestateinvesting #realestateinvestor #realestateinvestors 

Building your teams is CRUCIAL when developing a hotel! Your On-Site Team: The on-site team forms the backbone of your hotel's operation. They are the frontline staff who interact directly with guests, ensuring their needs are met promptly and their stay is enjoyable. This team includes housekeeping staff responsible for maintaining cleanliness and comfort in guest rooms, maintenance personnel who ensure the smooth functioning of facilities, and front desk staff who handle check-ins, check-outs, and guest inquiries. Investing in comprehensive training programs for this team is essential to uphold the standards of service and hospitality expected in your hotel. Sales & Revenue Management Team: Your sales and revenue management team plays a crucial role in driving profitability and achieving financial targets for the hotel. This team is responsible for setting room rates, implementing revenue strategies, managing distribution channels, and negotiating contracts with corporate clients or travel agencies. They analyze market trends, competitor pricing, and demand forecasts to optimize revenue streams and maximize profitability for the hotel. Restaurant Staff: If your hotel features a restaurant or dining facilities, it's vital to have a skilled and well-trained team to deliver exceptional culinary experiences. The chef and kitchen staff should be proficient in preparing high-quality dishes that reflect the hotel's brand and meet guests' expectations. Similarly, servers and restaurant staff should provide attentive and personalized service, enhancing the overall dining experience for guests. Training programs should focus on menu knowledge, food safety standards, customer service etiquette, and upholding the ambiance and atmosphere of the restaurant. Collective Collaboration: Emphasize the importance of teamwork and collaboration across all departments within the hotel. Encourage open communication and cooperation between different teams to ensure smooth coordination of operations and consistent delivery of service excellence. Regular team meetings, performance evaluations, and feedback sessions can foster a culture of accountability, mutual support, and continuous improvement. Remind staff that each member contributes to the overall success of the hotel, and their collective efforts are essential in realizing the shared vision and goals of the establishment. #hoteldevelopment #hoteldevelopers #realestatedeveloper #realestatedevelopment

Have you met managing members Graham & Gregory Jones? Graham Jones is a Co-Founder and Co-Managing Member of GRJ which he Co-Founded with his Brother Gregory in June of 2010. Graham is a graduate of Bowdoin College and received a M.S. in Real Estate with a concentration in Development from New York University Schack Institute of Real Estate. Gregory Jones is a Co-Founder and Co-Managing Member of GRJ which he Co- Founded with his Brother Graham in June of 2010. Gregory is a graduate of Columbia University and received his M.B.A. in Finance from Fordham University. We have a proven track record of investing across multiple asset classes and business cycles. Our vertical structure allows us to control all facets of the deal, optimizing execution and oversight. Learn more by visiting, www.grjllc.com #realestatedevelopment #realestatedeveloper #realestatedevelopers #renovation #development #investing #realestateinvesting #realestateinvestor #realestateinvestors