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Masters of Moments
#10: Jake Wurzak - How We Underwrite Deals
Apr 26, 2023
Delve into the world of hospitality investment with insights on underwriting processes. Learn how DoveHill Capital Management evaluates deals through both qualitative and quantitative lenses. Explore the crucial factors like historical performance and revenue trends, plus the art of modeling essential deal components. Jake Wurzak shares lessons from past mistakes and highlights key steps in their investment committee process. Gain valuable tips on how to navigate Capex issues and make informed investment decisions.
48:05
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Quick takeaways
- DoveHill Capital Management emphasizes a balanced approach in underwriting by integrating both qualitative assessments and quantitative analyses of hospitality assets.
- Understanding market supply dynamics is crucial for identifying risks in hospitality investments, with a focus on limited new developments and competition.
Deep dives
Understanding Underwriting in Hospitality
Underwriting in the hospitality sector involves evaluating the financial viability of properties before making investment decisions. This comprehensive process assesses a property's historical and projected financial performance, market conditions, and potential risks. Key factors include examining competition, demand generators, management quality, and macroeconomic influences such as tourism trends and economic growth. Essentially, investors weigh the risks against potential rewards to make informed decisions that align with their investment goals.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode