Michael Medzigian is the Chairman and CEO of Watermark Lodging Trust, Inc., a company which owns many highly prized assets in city centers and other unique high barrier to entry resort markets. We talk the upside of the downside, Watermark's ongoing strategy and glean many important tidbits about investing in hotels and working in the career of hotel investment. He is also a Director of the American Hotel & Lodging Association, serves on the Board of its Hospitality Investment Roundtable and is a member of its Industry Real Estate Financing Advisory Council. He also serves on the Marriott Owner Advisory Council.