Executives with Starboard Hotels said the company is where it is today because of lessons learned, investing in their employees and continued growth of select-service assets, HNN’s Terence Baker reports.

Paul Callingham, managing director at Starboard, said what the company learned during the recession of the early 1990s and the Great Recession put the company on its current trajectory of focusing mostly on select-service ownership.

“The aspiration when we began buying hotels around 2013 was to have 20 hotels by 2020, but we are already there,” he said.