Hotels can be some of the most rewarding and riskiest assets in real estate. So how do you know which property to buy, how to structure the deal, and how to actually create value once you own it? In this episode of The Hotel Buy, host Sylvia Occhiuzzi sits down with Mathieu Mault of Activar Hotels to break down exactly that. Mathieu has built a career blending investment expertise with hands-on operational experience, focusing on acquisitions, capital structuring, and repositioning properties to maximize returns for investors. Together, Sylvia and Mathieu dig into: The most important things to underwrite before buying a hotel; How today’s lending environment is shaping deals and capital stacks; Why value creation goes beyond the purchase price and where most of it actually happens; The Canadian hotel markets and property types with untapped potential; and What first-time hotel investors need to know before jumping in If you want to better understand how to spot opportunities, manage risk, and create long-term value in the hotel space, this episode is a must-listen.