Masters of Moments #13: Jake Wurzak on The Fort Podcast - Hospitality Industry 101
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
Connect & Invest with Jake:
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?