27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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Doug McBrearty
Doug McBrearty attended Penn State and graduated in 1973. He was a hotel major. After he graduated he went to work for the Sheraton. After which he worked for Bill Rouse. He headed up acquisitions for GF management. After which he started Gulph Creek Hotels. Gulph Creek Hotels is broken up into two parts: Management and Development. His partner Clark Blynn and he decided to split away and head up the Gulph Creek Development part of the company.
Q: As a company, tell me about the niche you have carved out for yourself and how you feel you are different from the competition. Why do you find this product type more appealing than alternative real estate asset classes?
A: Gulph Creek Development are regional players. We won’t build anything that is more than two hours from our office. As a result, we understand our area and the business in the region. We know what fits and what doesn’t, we understand the area and the local demand.
Q: How has your strategy changed as a result of the credit crisis? Have you expanded/narrowed your acquisition criteria? If so, to what, and why?
A: We stopped expanding. Basically the market drove our strategy.
Q: How did you get your start in the business?
A: I was a hotel major in college at Penn State. My father did a lot of traveling in the late 60s for his work, he though the Hotel Industry would be a good business to get into, turned out he was right. After I went to Penn State, I started working for Sheraton Hotels for seventeen years, first seventeen years, first in their sales training program and eventually opening the Sheraton Society Hill in 1986 as General Manager.
Q: What is your favorite part of your job? Least favorite?
A: My favorite part about my job is being able to build something out of nothing. I like being able to start something new and being involved in the project from start to finish. There isn’t any part of my job that is my least favorite. I like it all.
Q: Are you implementing any green technology into your assets? Do you think it is a good strategy economically? Why/why not?
A: Yes we are definitely implementing green technology into our hotels. We implement green technology that is economically efficient and also because it is the better thing to do. We have HVAC systems that we will implement in our next project. We have Low flow toilets. We are always looking to see what green element we can incorporate into our hotels while being economically efficient. Green Technology is definitely in our mix when it makes economic sense.
Q: Real estate is cyclical. In terms of the specific asset classes you look to acquire, where in the cycle do you think we are right now? How long do you think it will take before we are at par again?
A: I think we are at the bottom of the cycle. But, we are starting to see some signs of improvement, which is very promising. The difference in the cycle is the heavy involvement of government. This is not typical making it very difficult to use the past as a measure to determine the speed of recovery.
Q: Pretend for a second that investors/shareholders and returns don’t matter. Tell me about your dream commercial real estate project and why you would love to do it.
A: Regardless of the investors/shareholders, I would do hotels, it is what I know and like. My dream project would be the ultimate resort. There would be small bungalows on a beach somewhere. It would be very private and relaxing.
Q: If you weren’t in real estate, what would you be doing with your life?
A: I don’t know. I have been in the hotel business for some 35 years and I really like it. But if I weren’t in real estate, I would be in some other sort of business.
Q: What organizations, charities etc are you a member of? Why are they important to you?
A: I am involved in many organizations that are related to the hotel industry or faith. I am an elder at Wayne Presbyterian Church. I am a governor with Opportunity International, which is a Christian organization that does micro financing around the world. I am on the Executive Committee of the Philadelphia Convention and Visitor Bureau and past president of the Greater Philadelphia Hotel Association and chairman of the Valley Forge Convention and Visitor Bureau. I am also on the Library Board at Penn State.
Q: If you won the $300M mega million jackpot tomorrow, what would you do with your life? The money?
A: I would not change anything in my life if I won the mega million jackpot. I would probably save most of the money and use the rest to finance my hotel and charity projects.
Q: What do your weekend activities include?
A: Depending on the season, I either go to the shore and go out on the boat, or if it is cold I go to the mountains and go skiing or hiking.
Share and Enjoy:Buy at this blue line for a shot at trading profitably
There are so many indicators out there on when to buy and sell. Nic uses none. He looks at a chart and buys when a stock “pushes” off this blue line. What blue line? Find out on the next page. It’ll change how you make money from stocks. Click here for the details.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.