What’s the latest in the hotel economy with the owner of 90 yr old Handley in Union Square and the importance of professional coaching in the business world.

Episode Transcript

Intro:
Welcome to the Practical Tax podcast, with tax attorney Steve Moskowitz. The Practical Tax podcast is brought to you by Moskowitz, LLP, a tax law firm.

Disclaimer:
The information contained in this podcast is based upon information available as of date of recording and will not be updated for changes in law regulation. Any information is not to be considered tax advice or legal advice and does not form an attorney/client relationship. Further, this podcast may be construed as attorney advertising. You should see professional consultation for your individual tax and legal situation.

Chip Franklin:
Welcome everybody to Practical Tax with tax attorney Steve Moskowitz. Steve, I want to ask you something before our first guess because it kind of ties in with our guest. As you traveled around the country, did you constantly go back to the same hotel when you were in a city? Was it like one you favored and you just stuck with it?

Steve Moskowitz:
Absolutely.

Chip Franklin:
What were the things that that drew you to that? Because I know that some hotels, they fight for business travel because that's a great thing to have. Others can't really compete in that area and some do both.

Steve Moskowitz:
Well, I hate to admit this, but my number one consideration was a good wifi. It's really important.

Chip Franklin:
I get, yeah. That's funny.

Steve Moskowitz:
I mean, for example, right now we're doing a Zoom and all the business is being done through the internet now. The number one thing is I need a good wifi connection.

Chip Franklin:
You know what mine was, good pillows because I mean I've always had... I've played sports so many years and I'm feeling the pain now. I always wanted a hotel that had good firm pillows as opposed to the ones where they look like a sheep snuck in your room and it was on your bed. There was a lot of things and it's funny, so I traveled forever and I would always pick the same hotels and price didn't matter because I mean that was eight hours that I could just disappear before I had to do any kind of work and everything.

Steve Moskowitz:
Of course, you're only paying for part of the room. The IRS is paying for the other part.

Chip Franklin:
Our first guest is the owner and this is a family-owned business here in San Francisco that has been in this family since 1928 and some incredible stories. Jon Handlery joins us here from the Handlery Hotel in San Francisco. Jon, welcome to Practical Tax with Steve Moskowitz. Hope you're well.

Jon Handlery:
I'm doing well. I hear you Steve on the radio quite often giving tips. Thank you.

Steve Moskowitz:
Thanks very much. Hopefully you heard me doing my broadcasts with Chip.

Jon Handlery:
Yes.

Chip Franklin:
Both of you guys are great on the radio and both of you guys I think are smart to represent your brand, and that's one thing that I've seen all these years in radio is that people want authenticity. They don't need the guy that talks like this. What they want is they want to hear from the people who actually will be delivering the service or product that they have. Both of you guys represent yourselves real well. There's some kissing up, but it's true.

Steve Moskowitz:
Thanks Chip.

Jon Handlery:
Thank you very much.

Chip Franklin:
So Jon, let's talk about, I mean obviously in and since 1928 coming up on a hundred years, not too far down the road-

Steve Moskowitz:
Jon wasn't the one that opened the doors.

Chip Franklin:
No.

Jon Handlery:
No. My grandfather, then my dad, now me, and two of my kids now have followed me into the industry, so fourth generation.

Chip Franklin:
Let me ask you this, Jon, over the years obviously this pandemic had to be a difficult period to get through especially as ...