Masters of Moments

2023's Most Popular Episode: Homi Vazifdar - Founder & Exec. Director at The Canyon Group - Building the Future of Luxury Hospitality

Jan 3, 2024

Homi Vazifdar discusses building ultra-luxury resorts, selling brands for $2m/key, and making experiential luxury work. Topics include reinventing oneself, creating profitable assets in remote Utah, and transitioning to an experiential model in the hospitality sector.

01:23:28

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Episode guests

Homi Vazifdar

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Podcast summary created with Snipd AI

Quick takeaways

Homi Vazifdar emphasizes the importance of confidence, curiosity, and adaptability in navigating new ventures in the luxury hospitality industry.

The strategic land swap that led to the creation of Amangiri showcases the visionary leadership and profitability focus essential for ultra-luxury resorts.

The success of Hired Place in Page, Arizona, highlights the key factors of quality, innovation, strategic PR, and market positioning in establishing market leadership in select service hospitality.

Deep dives

Masters of Moments Podcast Anniversary Celebration

Celebrating the podcast's one-year anniversary, the host expresses gratitude to listeners and guests. A special re-airing of the top episode featuring Fumi Visivdar, founder of the Canyon Group, highlights his journey in real estate and hospitality, including the creation of successful hotels like Amangiri and Amangani.

The Aura of a Tent

01:20

Select Service Is an Incredible Business Model

01:20

Introduction

6min

Embracing Reinvention and Learning from Mistakes for Success in Diverse Industries

3min

The Evolution of Canyon Group

21min

Building a Remote Luxury Resort: Challenges and Success

16min

Exploring Collaboration in Luxury Hospitality and Transition to Experiential Model

3min

Luxury Tented Accommodations in Hospitality Industry

21min

Strategic Partnership and Market Positioning in Luxury Hospitality

11min

Focused Market Strategies and Luxury Hospitality Insights

3min

Homi Vazifdar is Founder and Exec. Director of the Canyon Group, a boutique private equity company, based in Larkspur, California just of north San Francisco. The Canyon Group, which was co-founded by Vazifdar in 2005, owns and/or develops ultra-luxury resorts in exotic destinations around the world.

The Company currently owns assets in North America, Latin America, Mexico and the South Pacific. The Canyon Group’s resorts are managed by marquis brands such as Amanresorts, Six Senses, Four Seasons Hotels & Resorts and Hyatt Hotels and Resorts. Under Vazifdar’s leadership, many of the Canyon Group’s ultra-luxury assets have achieved high global accolades and are considered the “Best in Class” with extraordinarily high occupancies and rates.

On this episode, Jake and Homi discuss:

- Selling a brand for $2m per key

- Building Amangiri and Amangani

- How to make experiential luxury work

- How to make select service hotels work

Links:

Canyon

Homi on LinkedIn

Connect & Invest with Jake:

Follow Jake on Twitter: https://twitter.com/jwurzak

Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/

Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo

Topics:

(00:00:00) - Intro

(00:01:19) Homi’s journey into Real Estate and hospitality

(00:07:08) What is most important when you are reinventing yourself?

(00:08:08) Building Canyon and the focus on ultra-luxury assets

(00:27:50) Swapping federally controlled land and creating a profitable asset in remote Utah

(00:48:13) How do you make a tent experience work?

(00:54:10) How do you find labor and built infrastructure in these remote areas?

(00:57:47) Is establishing a sense of community at a resort important?

(01:03:32) How have you learned to invest and stay afloat during cycles?

(01:12:36) What will be the biggest challenge in replicating this new concept?

(01:14:35) Homi’s select service hotel

(01:20:49) What is your favorite hotel?

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Masters of Moments

2023's Most Popular Episode: Homi Vazifdar - Founder & Exec. Director at The Canyon Group - Building the Future of Luxury Hospitality

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Masters of Moments Podcast Anniversary Celebration

Fumi Visivdar's Diverse Journey in Real Estate and Hospitality

Key Traits for Reinvention and Success

Building Amangiri and Amangani Success Story

Experiential Luxury and Tented Camp Concept

Approach to Select Service Hotels

The Aura of a Tent

Select Service Is an Incredible Business Model

Remember Everything You Learn from Podcasts