Why rip it up, tear it down, or blow it up if you can do something special?
Some prefer classic/historic, others modern/new technology. I like both.
So when you can blend the two together, I am all in.
Whether it be a business, real estate, or a car, don't tear it down if you have history and a great structure, do something special.
For those who know downtown Long Beach, you know the Breakers. Once a glorious hotel for the rich and famous “crown jewel of the Long Beach skyline” it's next lives included being a run down retirement home 2x, a failed hotel, and with the ignominious title of “the West Coast’s largest pigeon roost.”
The iconic restaurant at the top of the building, the Sky Room hosted in its hey day Clark Gable, Elizabeth Taylor, Marilyn Monroe, and during WWII was a defense outpost, where when the GI's were off duty, they went straight to the bar. Even when the place became something else, there was an elevator that went straight up to the Sky Room, a great place we frequented in the 90's (I actually closed more than one deal there as well).
So super cool to see it open back up, now as a Fairmont Hotels & Resorts property.
👉 Great to see this property restored and renovated. It still has its history, and now with a modern feel and all the conveniences one would want.
👉👉 Which is why I love old cars brought current, restomods.
👉👉👉 And for businesses, old proven businesses are worth restructuring when possible. Build off its history and what it can do right, infuse technology and efficiency to bring it up to speed, use it as a platform to acquire other businesses as well.
And that is just some of what we do at Small Business Development Group, Inc. (Stock Symbol: SBDG).
It's what we are doing right now for our portfolio company, Stony Hill Advisors, Inc.
Stony Hill Advisors services include helping other businesses do the exact same thing.
Reach out to invest with us, work with us, or hire us.
Comment below and tell us your favorite renovation/restoration project, OR if you know the Breakers and especially if you have been to the new hotel. 👇
