Investing Lessons From Billion Dollar Hotel Owner | Jake Wurzak

Jake Wurzak is the CEO of DoveHill Capital Management, and Wurzak Hotel Group. In this conversation, we talk about the hotel industry, everything from investing to operating both boutique and roadside businesses. When you think about this hotels that you visit, there is an operator that owns both the business & real estate, and they constantly think about how they can drive a profit. Jake is an expert, and has been doing it now with multiple hotels around the country. Jake breaks down both the economics and what makes a good hotel.

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TIMESTAMPS:
0:00 - Intro
0:45 - Hospitality & real estate
4:15 - Finding a location
5:45 - Reviewing hotels
9:30 - Walking through a deal
13:00 - New trends
16:55 - Meeting & lobby structure
20:45 - Economics
25:30 - Airbnb vs Hotels
32:00 - Marketing & technology
34:00 - Break-even point & iconic buildings
42:10 - Branding vs Experience
44:15 - Macro environment impact
50:45 - Biggest lessons learned
53:30 - Growing the business
58:45 - Hiring process
1:02:45 - Growing up in real estate
1:12:45 - Find online

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