As Co-CEO, Rob Lowe focuses on operations both at the corporate level and across its real estate activities.  Additionally, Rob and Mike co-chair the firm’s wholly-owned hospitality affiliate, CoralTree Hospitality Group. He is a past Trustee and President of the Palisades Presbyterian Church, is currently on the Board of Managers at the Palisades-Malibu YMCA and is an active member of Urban Land Institute. 

On this episode, Jake and Rob discuss:

• How Lowe was able to build such a massive organization
• Converting Office to Residential
• Developing Hotel Properties
• Incentivizing teams and developing culture

Links:

Lowe - Beyond Buildings

Rob on LinkedIn

CoralTree Hospitality

Ivy Station in Culver City, CA

Terranea Resort in Palos Verdes, CA

La Coorniche Hotel, France

Connect & Invest with Jake:

Follow Jake on Twitter

Take the Hospitality Investing Masterclass

Learn How to Invest with DoveHill

Topics:

(00:00:00) - Intro

(00:02:36) - How did Lowe build such a massive footprint?

(00:10:04) - What were some early insights you had on the importance of people and place?

(00:14:23) - What are your thoughts on Office as an asset class?

(00:16:25) - Are you looking to convert any of your Office buildings?

(00:18:46) - What are some things you look for when determining if you can convert an Office to Residential?

(00:20:32) - Have you ever considered getting Hotel, Office, and Resi within one building?

(00:22:58) - How do your local teams integrate into the larger organization?

(00:24:02) - How do you capitalize your deals?

(00:25:06) - What’s been your experience working with your brother and how did you end up in the business?

(00:28:06) - Did you have any hotel experience before you stepped into the role?

(00:29:16) - Is developing hotels in today’s market more difficult?

(00:32:41) - Do you prefer to buy assets from a bank or to develop from the ground up?

(00:33:18) - Developing the Terranea hotel in California

(00:49:27) - How did you approach F&B at the property?

(00:51:02) - Thoughts on entitlement

(00:52:27) - How did Destination Collective come about?

(01:02:06) - Would you consider buying management companies with your new company?

(01:03:58) - What contracts are you looking for right now?

(01:05:20) - How do you think about incentivizing?

(01:08:45) - How much time do you spend developing culture?

(01:11:14) - What is your favorite hotel?