In a world where hotel rooms are becoming smaller with fewer total rooms (micro-hotels), and with the skyrocketing increase in remote work, Mogul Hotels and Residences has designed a tech-led, work/live brand.
Mogul Hospitality will partner with real estate developers and investors through software, branding, and property management. Properties will be a mix of hotel, serviced apartments, and vacation homes, allowing guests to have the flexibility of short or long-term stays. Mogul Hotels and Residences is making its hotel employees vested owners to increase transparency and they’re aligning their compensation with how value is created in hotel real estate.
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“Today’s hospitality worker is skilled in accounting, finance, statistics, marketing, and operations, plus the softer skills of culture, and how to serve others. “Mogul Hospitality is stepping into uncharted territory with their innovative employee-owned and governed hotel brand,” says David Sherwyn, Cornell’s Academic Director of CIHLER. To address the paradigm shift, Mogul Hospitality is collaborating with Cornell Center for Innovative Hospitality Labor and Employment Relations (CIHLER) to develop talent algorithms and alternative models for compensation. “Front-line employees to their supervisors and above will be shareholders in each property, receiving up to 10% of hotel profits.” “We are firm believers in the service profit chain, which starts with investing in creating an employee experience that attracts diverse elite talent from all walks of life,” said Alexander Mirza, Founder and CEO of Mogul Hospitality. Mogul Hospitality’s focus on recognizing, hiring, and promoting diverse talent from all walks of life enables everyone to have a fair shot at an upward career path in our industry.” The company has designed hospitality workplaces that include chef-hosted culinary innovation, high-tech experiential learning zones, leisure and well-being areas, and daycare services for employees.įrances Kiradjian, Founder of the Boutique Lifestyle Lodging Association, the first and only alliance dedicated to uniting the world's upscale, independent boutique and lifestyle hotels, and small brands says, “Boutique hotels have historically led the way in innovation. Mogul Hotels and Residences’ employees have board representation, write the brand standards, and devise work rules. Employees are empowered, rather than putting control in the hands of big corporate offices or labor unions - something that has never been done before in the hotel industry. Mogul Hotels and Residences establishes a new paradigm for an employee-owned and governed business model. To further advance its purpose to perfect meritocracy and accelerate diversity, Mogul Hospitality has created an employee-first, hotels and residences brand. Just as Tesla and Allbirds shared their IP to encourage EV and sustainability development, Mogul Hospitality is sharing the algorithms for its elite talent search engine and data analytics so industry stakeholders can promote Super Moguls (top 1%) and Mega Moguls (top 10%) and compensate them fairly for value created. “By focusing the initial years of their venture on developing and testing algorithms to assess and fairly compensate talent, Mogul has laid the foundation for a significant industry disruption.” “Mogul’s talent engine addresses the number one long-term issue facing hotel investors and owners,” said Afshin Kateb, DBA and CFO of Nimes Capital and Mogul Hospitality Advisor.
Its innovations include an AI-driven matching system, talent worth prediction, employer rankings, and experiential learning and development. MogulRecruiter has gained significant traction with over one million users and is the only platform where elite talent and employers are dynamically ranked, matched, and appraised. To attract talent and accelerate diversity, the founders launched MogulRecruiter, the industry’s first two-sided talent marketplace in May 2021 and followed up a year later with the first elite talent search engine. Mogul Hospitality’s founders are uniquely qualified to tackle the challenge with over 50 years of C-suite and start-up experience leading hospitality and technology platforms including Hilton, Accenture, and TravelClick. With rising labor costs and customer satisfaction at record lows, hotel CEOs agree that labor is the number one, long-term issue facing the industry. Few industries are suffering the consequences of this labor crisis more than hospitality with 3 - 4 million annual job openings, 70% annual turnover, and a 6% quit rate. Mogul Hospitality, a venture-backed startup, has announced the launch of Mogul Hotels and Residences, an (ESG) brand powered by a trailblazing elite talent engine.Īccording to the Bureau of Labor Statistics, there are 11.5 million job openings in the U.S., with an unemployment rate of 3.6%.
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