Masters of Moments

The Art of Creating Moments in Hospitality - Dupree Scovell - Managing Partner and CIO of Woodbine [Replay]

Apr 17, 2024

Dupree Scovell, Managing Partner of Woodbine, discusses securing deals, raising capital, and creating memorable guest experiences in the hospitality industry. He shares insights on diversifying capital partners, project management challenges, and the future of office spaces.

01:19:02

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Episode guests

Dupree Scovell

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Episode notes

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Quick takeaways

Woodbine's success is rooted in relationships, transitioning focus to hospitality and diversification in the hotel business.

Facing the pandemic, Woodbine diversified beyond hospitality to office, industrial, and multifamily investments for resilience.

Woodbine's fundraising success lies in trust, relationships, and a proven track record, focusing on creating enduring partnerships.

Deep dives

Building on Legacy and Creating a New Path

Woodbine's history rooted in relationships paved the way for partnerships across asset classes. The firm transitioned focus to hospitality, identifying a niche in destination resorts. With a family office willing to invest over the long term, they developed resorts, focusing on diversification within the hotel business over the last decade.

Introduction

2min

Evolution of a Partnership and Diversification in Hospitality

22min

Navigating Family Business Dynamics at Woodbine

7min

Navigating Leadership Transition and Project Management Challenges in Hospitality Industry

16min

Navigating Family Office Investments in Hotel Deals

13min

Hotel Management Approaches and Selecting Managers

3min

Navigating Complexity in Hospitality Asset Management

13min

Speculations on the Future of Office Spaces and Favorite Hotel Picks

3min

Dupree is the Managing Partner and Chief Investment Officer of Woodbine. A fully integrated real estate investment and development firm and one of the leading hospitality owners in the country, having completed over $3.6 billion in hotel investments and developed over 11,000 keys across branded and independent projects.

Links:

Woodbine Development

Dupree on LinkedIn

Hotel Emma - San Antonio

Mountain Shadows Resort Scottsdale

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Topics:

(2:48) - Woodbine’s history and path to success

(10:06) - How have you diversified Woodbine’s capital partners?