The Room Key

Chase Keller, CCIM

The Room Key is where hotel owners, investors, lenders, brokers, and hospitality professionals come to talk shop. Hosted by Chase Keller, CCIM, a national hotel broker with Franchise Clearly. Each episode dives into the real stories, challenges, and insights that drive the hotel industry. Whether you're a first-time owner, a seasoned investor, or someone who just loves the business of hospitality, The Room Key offers candid interviews, market trends, and practical takeaways you won’t find anywhere else. Unlock behind-the-scenes conversations with the people who power the places we stay.

  1. Buying Potential: Tom Bono’s Boutique Motel Turnaround Playbook

    12/21/2025

    Buying Potential: Tom Bono’s Boutique Motel Turnaround Playbook

    What happens when an institutional finance guy stops analyzing deals… and starts operating them? In this episode of The Room Key, Chase sits down with Tom Bono, Managing Partner of Bono Capital Group, to talk about the real-world playbook behind buying underperforming motel assets and turning them into boutique, higher-performing hospitality properties. Tom shares how his early career in structured finance shaped the way he underwrites risk, why he prefers “buying potential” instead of paying for stabilized performance, and what practical changes actually move the needle—especially when ADR is frozen, systems are outdated, and operations are running on habit instead of strategy. You’ll also hear Tom walk through his team’s mindset around adding revenue streams (not just renovating rooms), leveraging dynamic pricing tools and modern PMS platforms, and finding “hidden NOI” in places most owners overlook—laundry ops, cleaning cost structure, and small amenity upgrades that improve the guest experience and the margin. Topics we cover Tom’s path from Queens/Long Island to Ernst & Young to full-time real estate operatorWhy boutique motels are trending—and why “motel stigma” is often operational, not inherentThe first moves after close: tech stack, management, expense cleanup, and revenue expansionWhat Tom considers non-negotiable in a modern motel operation (pricing + PMS)Advice for owners thinking about a sale in the next 12–24 months Disclaimer This episode is for informational purposes only and is not investment, legal, or tax advice.

    56 min

About

The Room Key is where hotel owners, investors, lenders, brokers, and hospitality professionals come to talk shop. Hosted by Chase Keller, CCIM, a national hotel broker with Franchise Clearly. Each episode dives into the real stories, challenges, and insights that drive the hotel industry. Whether you're a first-time owner, a seasoned investor, or someone who just loves the business of hospitality, The Room Key offers candid interviews, market trends, and practical takeaways you won’t find anywhere else. Unlock behind-the-scenes conversations with the people who power the places we stay.