Business View Magazine | January 2020

194 BUSINESS VIEW MAGAZINE JANUARY 2020 Call us 800.864.2843 Visit us eccapayroll.com ECCA Payroll+ is a full-stack, HR service provider for companies of all sizes. Build your company’s HR stack at eccapayroll.com. lasting relationships bodes well for strong future growth. Over the years, MTEL has weathered many economic cycles, as well as industry cycles, and they have learned that, at the end of the day, there will still be clients out there who want to sell hotels, buy hotels, operate a hotel – and will use MTEL’s assistance in doing that. For the next five years, Mody predicts increased growth for the company’s third-party management arm. He’s seeing more investors coming from outside the hospitality industry – professionals such as physicians, or semi-retirees who made money in tech, for example – starting to enter this space because they realize that real estate is one of the quickest ways to build wealth, and happy to make a decent ROI, per year. And it’s not only those who invest in hotels at the individual level, but also at an institutional level – large insurance companies, etc. with “a mountain of cash they’re sitting on constantly,” looking to get a 10 percent return, because that beats the six percent annuity payment they have to make every year to their constituency.