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Masters of Moments

#13: Jake Wurzak on The Fort Podcast - Hospitality Industry 101

May 17, 2023
01:18:46

This episode is an appearance Jake made on The Fort Podcast with Chris Powers. 

Jake and Chris discuss: 

  • How to create an exceptional hospitality experience
  • How to underwrite hotel investment opportunities
  • Partnering and learning from Barry Sternlicht
  • How to add value to different types of hotels

Links

Check out Chris Powers and The Fort Podcast

Hotel Bel-Air

Brush Creek Ranch

Blackberry Farm 

 

Connect & Invest with Jake:

Follow Jake on Twitter

Take the Hospitality Investing Masterclass

Learn How to Invest with DoveHill

 

Timestamps

(00:03:14) How do you experience hotels?

(00:05:14) What is Hospitality?

(00:08:17) Jake’s journey into Hospitality

(00:09:45) Jake’s Companies

(00:11:36) Hospitality during Covid

(00:21:42) How do branded hotels differentiate from each other?

(00:23:12) What does great operation look like in a Commodity Hotel?

(00:25:04) How are daily rates set?

(00:32:39) Airbnb vs. Hotels

(00:35:15) How do you define Lifestyle?

(00:36:21) Who are people you admire in this industry?

(00:39:02) Are there any emerging brands that will overtake the top luxury brands?

(00:40:51) How would a hotel development come together?

(00:44:19) What are you looking for in a hotel when you want to buy?

(00:47:21) What’s a soft brand?

(00:48:19) Do you need experience to partner with a Hilton or Marriott?

(00:49:14) What does upgrading management look like?

(00:54:34) What feedback do you see most often from guests?

(00:57:48) Jake on partnering with Barry Sternlicht?

(01;03:50) The One in Miami

(01:07:56) How do you approach F&B?

(01:09:30) What’s the greatest hotel in the world?

(01:13:16)  How do you view hotels as investable assets over the next 5 years?

(01:16:19) Are there any new revenue streams on the horizon?

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