The Fort

We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyGabe is responsible for all aspects of the investment process including deal origination, due diligence, financing, investor relations, dispositions, and refinancings. Gabe works closely with the Head of Renovations on building repositioning and the Chief Operating Officer on asset management and property management. Gabe believes that a deep understanding of market and economic fundamentals are key to pricing real estate assets and leverages his 25 years of investment analysis to understand and forecast the risks and cash flows of investing in metro Denver real estate.Gabe has led more than $50mm of multi-family investments in metro Denver, across more than 500 apartment units in Denver, Lakewood, and Aurora. Gabe is also the co-manager of over $25mm of multi-family investments (164 units) in Los Angeles.On this episode, Chris & Gabe discuss:➡️ His investing principles➡️ What he learned from years on Wall Street➡️ Why he chose sub-institutional MF➡️ How he underwrites opportunities and creates value➡️ Current market discussion and Tekton's plans for the futureAdditional Resources👉 Tekton Group👉 Gabe on Twitter➡️ Go here to save $500 on your Re-Convene Tickets!➡️ Learn more about BetterPitch➡️ Fort Capital: www.FortCapitalLP.com➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTubeTimestamps(00:00:00) Intro(00:05:02) Gabe’s background and career on Wall St.(00:08:33) Investment principles developed on Wall St. and in Real Estate(00:15:29) Don’t fight the FED!(00:25:58) Only play winnable games(00:33:02) Making the jump from Wall St. to Real Estate(00:36:44) Sourcing deals(00:41:14) What a great deal looks like for Gabe(00:51:02) Creating value on assets(00:57:03) Finding a great 3rd party manager(01:00:49) Unit renovations and turnover times(01:04:14) Landlord horror stories(01:12:29) How are you positioning your company for the next three years?(01:21:51) Syndications and Funds--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts

We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyKelcey Lehrich is the Co-Founder and CEO of 365 Holdings. 365 Is a vertically integrated owner and operator of consumer product brands focused on eCommerce.On this episode, Chris & Kelcey discuss:➡️ How they look at investing in niche e-commerce businesses➡️ Why they've chosen shared services hold-co structure➡️ The current eCommerce market➡️ Deep dive into two of their businesses (cloth diapers & good for preppers)Timestamps(00:04:14) Kelcey’s background and 365 Holdings(00:05:14) What does shared services mean?(00:06:39) Acquiring the first eCommerce business(00:07:09 How do you think about your role in the organization?(00:08:12) What’s happening in eCommerce right now?(00:09:44) What happened in your eyes when Apple and Facebook went at it in the Ad space?(00:10:43) What are the best ways to market online today?(00:11:44) What caused the end of the ‘Covid bump’?(00:12:41) What goes through your mind when you want to buy a business?(00:14:00) The business of cloth diapers and emergency food(00:21:41) What have you learned about structuring a deal?(00:22:57) Amazon: A Necessary Evil(00:25:37) What’s your goal for these 9 businesses?(00:26:56) What happens when you sell a business?(00:28:46) - Are the big 3 in eCommerce gaining more dominance?(00:31:06) AI in eCommerce(00:31:57) What type of HoldCo do you run and how would it differ from others?(00:37:10) Why do you have manufacturing here in the US?(00:39:42) How is the business capitalized?(00:41:17) HoldCo Conf(00:53:28) TwitterAdditional Resources👉 Kelcey on Twitter👉 365 Holdings👉 HoldCo Conf➡️ Visit RE Cost Seg for a free proposal to see your potential tax savings➡️ Fort Capital: www.FortCapitalLP.com➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts

We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyLevi Benkert is a proven innovative business leader with 20 years of experience in strategic real estate-related business development. Levi founded Harbor Capital, a private equity firm focused on industrial real estate in Texas. Levi has leveraged his skills to identify unique opportunities, maximize growth, raise capital, and create a lasting vision for companies that he has founded and led. Levi has bought, managed, and developed over $450M in real estate properties in his career.On this episode, Chris & Levi discuss:➡️ Lessons learned during the 2008/2009 Great Financial Crisis➡️ Story of moving to Ethiopia to build an orphanage and several businesses➡️ Why he chose to focus on Class B Industrial throughout Texas➡️ How Harbor underwrites deals and structures their real deals➡️ Discussion on current real estate marketLearn more about The Fort Podcast by going to https://www.thefortpod.com/Timestamps(00:04:44) Levi’s career in home building through the GFC(00:22:06) Building an orphanage & 4 different businesses in Ethiopia(00:33:40) Building Harbor Capital with a focus on Class B Industrial(00:36:06) Levi’s focus within Class B Industrial(00:46:21) Doing a deal in Katy, TX that ended up being next to the Tesla Factories(00:52:02) Insights on the Houston & San Antonio markets(00:56:07) “Buy, Refi, Die.” - Long-term holds(00:57:46) Harbor and Fort Capital’s future plans(01:06:36) Harbor’s organizational structure(01:09:30) TwitterAdditional Resources👉 Levi on Twitter👉 Harbor Capital➡️ Get $500 off your ticket to Re-Convene!➡️ Learn more about Juniper Square➡️ Check out The Distribution by Juniper Square Podcast➡️ Fort Capital: www.FortCapitalLP.com➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts

We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyMatt began as a top consultant at McKinsey, where he witnessed the power of customer loyalty programs and immediately understood why large companies pay millions of dollars to create them. His vision for Fivestars was to make the power of a Fortune 500 customer loyalty program accessible to local businesses. Fivestars has gone from two guys in a garage to serving thousands of businesses across the country. In October 2021, Fivestars was acquired by global payments leader, SumUp.Matt has led technology at FiveStars since its founding, spearheaded their transformation into a payments company, and drives ongoing business development and payments strategy. Before Fivestars, he volunteered with TechnoServe in Uganda, was a strategy consultant at McKinsey & Company, and an analyst at AVM, a 32-year-old global macro hedge fund.On this episode, Chris & Matt discuss:➡️ Their process for deciding what startup idea to pursue & why they chose a loyalty program for small businesses➡️ Lessons learned while building a startup➡️ The challenge of finding product market fit, even if the business is growing like a rocket ship➡️ How AI will impact businesses and consumersTimestamps(00:03:00) From El Paso to the Tech world(00:09:26) What does an entry-level person at McKinsey even do?(00:11:17) Did you have a filter for easy no’s while in consulting?(00:12:48) What’s an example prototype you were working on in Technology?(00:15:07) How did you transform your skillsets to become a CTO?(00:17:10) What did you get from Y Combinator and learn from Paul Graham?(00:19:46) What was the origin of Fivetars?(00:24:42) If you were building another company now is there a way to avoid the mistakes you made the first time?(00:26:09) Finding Product Market Fit(00:30:06) How do you avoid the trap of taking on too much overhead?(00:36:13) How were you able to take the credit card fee and turn it into more CRM users?(00:38:56) When did you begin to decide it was time to sell?(00:43:10) What was the transition like going from start-up culture to integrating into a larger organization?(00:47:32) How are you receiving the entrance of AI?(00:50:29) Will the job of the VC change with AI?(00:52:48) How Chris thinks AI will affect RE(00:58:49) How should we simplify all of these different AI languages available?(01:01:44) How is the American Customer right now?(01:05:18) What are you predicting for the Startup scene over the next five years?Additional Resources👉 Fivestars👉 Matt on LinkedIn👉 Matt.Doka@Gmail.com➡️ Fort Capital: www.FortCapitalLP.com➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts

We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyKyle Matthews is the Founder and Chief Executive Officer of Matthews Real Estate Investment Services™ and has served in this role since the company’s founding in 2015. Matthews™ is the parent company of a diversified group of real estate service, investment, debt, leasing, and asset management firms. Through Kyle’s leadership, Matthews™ has become one of the country's largest commercial brokerage firms in both transaction volume and by a number of agents and employees. Prior to founding Matthews™, he led Matthews Retail Group, Inc. to become the number one real estate investment sales group at a publicly-traded, global real estate investment service company. Under his guidance, Matthews™ has experienced total revenue growth of 1,225% in the company’s first five years since its founding and has grown from 18 agents and employees to presently over 400. Furthermore, Kyle oversees the expansion of Matthews™ with the footprint having expanded from one office in El Segundo, CA, to over 14 offices nationwide.On this episode Chris & Kyle talk about:➡️ His story of becoming a broker and eventually starting Matthews➡️ The characteristics and work ethic of the best brokers➡️ Why having fun is important in business➡️ What's going on in the current real estate marketChapters:(00:00:00) Intro(00:04:28) Kyle’s upbringing in an NFL family, playing football at USC, winning a national title(00:15:33) Lessons learned from playing for Pete Carroll(00:29:27) Kyle’s career in brokerage(00:38:40) Working through the GFC(00:55:24) Starting Matthews REIS(01:14:20) The Matthews Culture(01:29:09) How Matthews is scaling and implementing technology(01:45:25) Work-Life Balance(01:55:37) A Discussion on the RE MarketAdditional Resources👉 Follow Kyle on Twitter: https://twitter.com/KyleMatthewsCRE👉 Matthews REIS: https://www.matthews.com/➡️ Learn more about Better Pitch: https://www.betterpitch.com/➡️ Fort Capital: www.FortCapitalLP.com➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts

 We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyRobert Bryce is an author, podcaster, and film producer. He is the acclaimed author of six books on energy and innovation, including most recently, A Question of Power: Electricity and the Wealth of Nations. Bryce has given more than 400 invited or keynote lectures to groups ranging from the Marines Corps War College to the Sydney Institute as well as to a wide variety of associations, universities, and corporations. He is the host of the Power Hungry Podcast and the co-producer of the feature-length documentary: Juice: How Electricity Explains the World, which is available on iTunes, Amazon Prime, and other streaming services.On this episode Chris & Robert discuss:➡️ Russia and China's influence on global energy➡️ Europe headed toward de-industrialization?➡️ Climate becoming a religion based on hopes rather than facts➡️ Nuclear is on the rise➡️ Climate NGOs - do as I say, not as I do.Topics:(00:00:00) Intro(00:02:54:) We need Energy to live(00:04:00) What’s driving the chaos and uncertainty in the world?(00:06:35) How would we compare Japan to America in regard to energy policy?(00:09:55) Are we going to see more global coal plants being built in the near term?(00:14:50) What is Russia’s role in global energy?(00:19:15) Does America buy natural resources from Russia?(00:20:09) How dependent is Europe on Russia’s resources?(00:21:33) What is the relationship between Russia and China?(00:22:19) Does the Russia/Ukraine conflict end anytime soon?(00:26:25) Is Nuclear gaining popularity?(00:31:36) Why wouldn’t the US subsidize Nuclear energy?(00:33:37) What is a Climate NGO?(00:34:43) Why would billionaires be anti-energy?(00:36:45) Are Carbon Credits a sham?(00:39:10) How is China emerging as a global energy leader?(00:42:02) The USA’s affect on Climate(00:47:18) Control over energy & population(00:50:25) How hydrocarbon cuts cause starvation(00:54:45) Politics: The Disgusted Party(00:58:48) Is there any indication the pendulum is swinging toward pro-energy?(01:01:38) What can America do better?Additional Resources👉 Robert's Substack👉 Robert's Podcast: Power Hungry👉 Robert's Books on Amazon👉 Robert's website➡️ Fort Capital: www.FortCapitalLP.com➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts

 We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyJohn Andrew is a Thiel Fellow, recipient of the Forbes 30 Under 30 award and he was recently named to Business Insider’s Rising Stars of Real Estate. He started his first internet company at age 13, and at age 17 he co-founded Coder.com (“Coder”) - a platform that moves the development environment (where software engineers write code) to an organization’s cloud infrastructure. Coder is backed by Redpoint, GGV, Founders Fund, and Bessemer, with large enterprise customers such as Goldman Sachs and Palantir. After co-founding and running Coder as CEO for six years, he stepped down in 2021 and began his next venture, Wander.com which enjoys the support of QED Investments and Redpoint among others.On this episode, Chris & John discuss:➡️ Starting his first business at 13 and eventually becoming a Thiel Fellow➡️ How Wander works and what they're looking to accomplish going forward➡️ Wander's STR REIT and how the capital markets work in STR➡️ What travel and hospitality will look like in 10 yearsChapters(00:02:40) - John’s upbringing and early career(00:07:02) - The impact John’s father had on him(00:10:56) - The experience of being a Thiel Fellow(00:15:22) - John’s skillset as a Founder(00:19:36) - Wander(00:27:41) - Are you able to capitalize this with Debt?(00:30:05) - What is a great yield on a well-performing STR?(00:30:31) - What makes a great home for Wander?(00:34:28) - How are your homes outfitted to make them stand out?(00:37:52) - How do you work with vendors?(00:40:31) - What are some member benefits?(00:43:48) - What needs to die off in this industry?(00:47:19) - What does the typical customer look like?(00:49:44) - Is there room in your market for hotel-sized homes?(00:51:56) - Do you ever worry about zoning or STR regulations?(00:55:32) - Is there concentration risk?(00:57:39) - How would one value a business like Wander?(01:02:04) - Where will you be in 5 years?(01:07:24) - Where is your favorite Wander?Additional Resources👉 Follow John on Twitter👉 Wander👉 Thiel Fellowship👉 Bandon Beach, OR➡️ Fort Capital: www.FortCapitalLP.com➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts

 We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyMoses Kagan is co-founder and partner at Adaptive Realty, a Los Angeles-based real estate development and property management company with $200MM in AUM and more than 1,000 apartments under management. He is also a co-founder of Re-convene, a real estate private equity un-conference, and ReSeed, which provides mentorship and capital to early-career operators.Rhett leads ReSeed's strategic direction and daily operations. He most recently served as Co-Managing Partner at Minot Capital, LP, where he led real estate investing. Previously, Rhett was President and Director of Research at Stillwater, a long-short hedge fund, and Chief Investment Officer at Arlington Family Offices. Rhett received a Bachelor of Arts from Brown University with a double major in Business Economics and History.On this episode, Chris, Moses and Rhett discuss:➡️ How ReSeed works➡️ What ReSeed is looking for in Partners➡️ How ReSeed empowers Operators to build their own companies➡️ What success looks like for Operators working with ReSeed➡️ Thoughts on the state of the Real Estate MarketChapters(00:03:31) - Rhett’s career(00:04:26) - Moses’ evolution in thinking over the past 5 year(00:06:40) - Launching ReSeed Partners(00:19:05) - Defining Subinstitutional(00:20:58) - Cohort #1(00:34:18) - The ReSeed Partner Track(00:39:35) - Is this a renovation strategy or is there any ground-up involved?(00:40:22) - What does a partnership with y’all look like in the first year?(00:43:58) - What markets are you open to?(0048:28) - How would you determine a successful year for an operator?(00:53:44) - How does the partnership work? What does someone get from y’all and what do they give up?(01:00:20) - Do partners have the opportunity to exit?(01:01:45) - Holding assets for the long term(01:04:40) - Autonomy for the operator(01:07:18) - Is there anything that is off-limits?(01:08:41) - Moses’ playbook(01:11:16) - How are you capitalizing this?(01:17:15) - How many people can be in one market before it's saturated?(01:17:57) - Other members of ReSeed(01:19:04) - Guaranteeing loans(01:22:11) - What are the couple of things people spend the majority of their time on?(01:25:39) - Is there a minimum size deal?(01:27:06) - What can this business look like 10 years from now?(01:29:06) - Thoughts on the current marketAdditional Resources👉 ReSeed Partners👉 Moses on Twitter👉 Rhett on LinkedIn➡️ Learn more about BetterPitch➡️ Fort Capital: www.FortCapitalLP.com➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts

 We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyLiberty writes about business & investing, science & technology, and the arts. He allows others to leverage his curiosity by sharing the most interesting things that he finds and thinks about in his newsletter and podcast, Liberty’s Highlights. It’s a Serendipity Engine to add some exploration in your life.On this episode, Chris & Liberty discuss: ➡️ His process for discovering the best things on the internet and writing about the to 16,000+ readers➡️ Why he'd put 100% of his net worth into Constellation Software➡️ The impacts of ChatGPT & AI➡️ The value of being a creator and a discussion about Founders PodcastChapters:(00:03:48) - Coming up with the Liberty RPF name(00:05:07) - How would you describe ‘Exploration as a Service’?(00:07:46) - What have you learned from writing 400+ Newsletters?(00:10:40) - How do you know if you’ve done your best work?(00:11:53) - If you had to invest 100% of your net worth in one company, which would it be?(00:22:44) - How would you value Founders Podcast?(00:27:57) - Is there any pattern you’ve seen that makes a company explode in growth?(00:30:21) - The changing business model of spokespeople having equity or owning the brands they promote(00:36:23) - Is legacy media dead?(00:45:03 - ChatGPT vs. Authenticity(00:50:19) - The hyper growth of AI companies(00:56:38) - The power of the Sauna (01:02:08) - How can people find you online?Additional Resources👉 Subscribe to Liberty RPF: https://twitter.com/LibertyRPF👉 Follow Liberty RPF on Twitter: https://www.libertyrpf.com/➡️ Learn more about Xeal: https://bit.ly/XealEnergy➡️ Fort Capital: https://bit.ly/FortCapital➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts

 We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners. https://www.thefortpod.com/surveyJake Wurzak is the Founder and CEO of DoveHill Capital Management, LLC. Jake also serves as the President of Wurzak Hotel Group. Since founding DoveHill in 2011, he has led the investment in over $1.5B of hospitality projects across the United States. Jake aims to differentiate DoveHill by focusing on distinct hospitality assets that create a sense of place and impactful experiences.Jake holds a Juris Doctorate degree from Nova Southeastern University and earned a BBA with a concentration in finance from the University of Miami. Jake sits on the board of the Broward Center for Performing Arts and the Fort Lauderdale Art Museum. In addition, Jake is a member of the Young Presidents Organization Gateway chapter.Jake is passionate about traveling with his family and one of his favorite destinations is Brush Creek Ranch in Wyoming. He is an avid skier and once hiked up the Highlands Bowl four times in one day!On this episode, Chris & Jake discuss:➡️ How he creates an exceptional hospitality experience➡️ How they underwrite hotel investment opportunities➡️ Partnering and learning from Barry Sternlicht➡️ How they add value to different types of hotelsChapters:(00:03:47) - How do you experience hotels?(00:06:00) - What is hospitality?(00:09:03) - Why and how did you get into this business?(00:10:31) - Jake’s companies(00:12:22) - How did Covid affect Hospitality?(00:18:48) - How has the industry changed post-pandemic?(00:20:54) - How did you approach hotel conversions?(00:22:28) - How do branded hotels differentiate from each other?(00:23:58) - What does good operating look like in a branded hotel?(00:25:50) - How are daily rates set & What are the major KPIs?(00:33:25) - AirBnb vs. Hotels(00:36:01) - How do you define Lifestyle?(00:37:07) - Who are great people or companies that are creating amazing lifestyle experiences?(00:39:48) - Are there any emerging brands that will overtake the top luxury hotels like 4 Seasons and St. Regis?(00:41:38) - How would a hotel development come together?(00:45:04) -What are you looking for in a hotel when you want to buy?(00:48:07) - What’s a soft brand?(00:49:05) - Do you need to have experience to partner with a Hilton or Marriott?(00:50:00) - What does upgrading management look like?(00:55:20) - What feedback do you see most often from guests?(00:58:33) - Partnering with Barry Sternlicht(01:04:36) - Experiences at the One in Miami(01:08:42) - How do you approach the Food & Beverage side of your properties?(01:10:16) - What’s the greatest hotel in the world?(01:14:02) - How do you view hotels as an investable asset over the next 5 years?(01:17:05) - Is there anything on the horizon that will make hotels more profitable?Additional Resources:👉 Follow Jake on Twitter: https://twitter.com/JWurzak👉 Jake's Podcast - Masters of Moments: https://mastersofmoments.com/👉 Dovehill Capital Management: https://www.dovehillcos.com/➡️ Learn more about Xeal: https://bit.ly/XealEnergy➡️ Fort Capital: https://bit.ly/FortCapital➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!The FORT is produced by Johnny Podcasts