How To Build A Hotel Business | How Much They Cost, How To Run It, Finding partners

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  • čas přidán 30. 06. 2024
  • As a 33-year-old, today’s guest purchased a Hilton hotel. Until I met Davonne, I had never thought of purchasing a hotel as a business or even as an investment. You’ve probably guessed that she is in the minority as less than 1% of hotel owners are black women. Davonne started her career working at the front desk of a Hyatt hotel at night while she interned for and eventually worked for a hotel investment group. Fast forward to today, she is a hotel consultant and investor on a mission to teach other black women how they enter the hotel industry.
    Full audio episode and show notes: bit.ly/Ep157-Hotel_Business
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Komentáře • 62

  • @ccb6013
    @ccb6013 Před rokem +26

    I love how she said all the people knows own hotels 💜
    I'm striving towards being in a position where all of my associates are doing similarly big things.

  • @scl242
    @scl242 Před rokem +14

    You’ve earned a new subscriber. Im a hotelier and your questions were on point. Amazing job extracting useful information

  • @sheilalucy2238
    @sheilalucy2238 Před 2 lety +4

    So interesting...Great Content! Looking forward to Davonne's book release!

  • @MrVee24
    @MrVee24 Před rokem +6

    I've been in this industry 7 years.its not the glamour everyone wants it to be.
    More power to you - warrior lady.

    • @animeworld123
      @animeworld123 Před měsícem

      Hii is managing this industry business complicated or not because I am also planning to start a restaurant

  • @ematrix444
    @ematrix444 Před rokem +3

    You did an amazing job asking questions, you got the best answer I have seen from her other interview.

  • @Unpopularopinionsbyme
    @Unpopularopinionsbyme Před 2 lety +4

    I think you’re doing great! Keep it up. I’m newly subscribed, and I look forward to learning all I can so that I too can be a successful entrepreneur of some sorts.

  • @ameyaspikes6732
    @ameyaspikes6732 Před 2 lety +13

    You was asking all the great questions I wanted to know! You picked the perfect guess I’m definitely subscribing and checking her out!

  • @Kyngfitness1578
    @Kyngfitness1578 Před 11 měsíci

    Very informative, thanks!!

  • @kimberlyaddison1410
    @kimberlyaddison1410 Před rokem +1

    Awesome video! New subscriber on ALL platforms!

  • @ilovemycultureusa
    @ilovemycultureusa Před rokem

    Wow glad I found you!

  • @jamescc2010
    @jamescc2010 Před rokem +8

    How profitable for small hotels especially during recession?
    For Indian hotel owners imo, The good thing is that they can live and work there or the families can live in the especially small hotels, and of course they can rent the rooms out for guests.So it gives them living quarters and then the business side of it. It makes it easier and more financial sense for them. Also, Indians are big on gas stations and mini markets, especially in the rural areas. Rural area properties are cheaper to buy, but most people do not want to live there so they have some sacrifice.
    Wealth is created by being owners of assets and businesses.

  • @Jerrymc1975
    @Jerrymc1975 Před 5 měsíci

    She’s sharing her confidence in the market. She’s not full of herself.

  • @temitopeowoyombo2708
    @temitopeowoyombo2708 Před rokem +3

    Great questions and nice responses... how do we get in contact with her, if we want to intern

  • @Ricocase
    @Ricocase Před 11 měsíci +3

    'Owned' via syndication (limited partner) isn't the same as actually owning and operating as a general partner. It's an investment, not authentic ownership. Technically, 'own' can also be 1 or 100%.

  • @coulsonjackson
    @coulsonjackson Před rokem +1

    I live in London but I want to open a boutique hotel in Spain and a section where converted vans can be rented and people can go around camping.

  • @RespectTheConglomerate

    This was great!

  • @Msangel06
    @Msangel06 Před rokem +1

    I’m interested. I don’t know many people. If you raise capital from people for example, do they become partners until you pay them back? How much do you have to pay them back? Are there any problems that come up paying investors back?

  • @Cosignedmylife
    @Cosignedmylife Před rokem +11

    You asked all the right questions!!!
    But I do not like how she was talking around your questions without trying to actually help people. Shes extremely discouraging and makes it seem extremely hard to get in. 😩🤦🏽‍♀️

  • @KentsKeys_e2e
    @KentsKeys_e2e Před rokem

    Thanks!

  • @KrystalHarrell
    @KrystalHarrell Před 2 lety +5

    Great episode.
    The intro music is distracting and loud. It drowns out your voice and the information you’re sharing, especially being that you have a quality mic.

  • @switchlite44
    @switchlite44 Před rokem +16

    This woman had opportunities handed while I give her appraisal for her success this is still far leagues behind in terms of information that she can provide to us

    • @1realtruthrightnow742
      @1realtruthrightnow742 Před rokem +5

      I intently listened to this, and learned nothing.

    • @rosegold.sunset4749
      @rosegold.sunset4749 Před rokem +5

      She doesn't seem like an expert on this topic at all or else it would be clearly explained. I hate word salads!

    • @switchlite44
      @switchlite44 Před rokem +3

      She would make a great individual for the pyramid scheme business

    • @switchlite44
      @switchlite44 Před rokem

      ​@@rosegold.sunset4749j

  • @alexander1982miller
    @alexander1982miller Před 2 měsíci

    Must have a clean hotel, and fairly priced

  • @pastorprophetssnichole9832

    So where did you get the money

  • @ryankeenan351
    @ryankeenan351 Před rokem

    Can you use a sba loan at 10% down?

  • @yaji5270
    @yaji5270 Před rokem +1

    what is the TV show ?

  • @_eatyourveggies
    @_eatyourveggies Před 2 lety +15

    Glasses 🤓 is full of herself, but there’s gold amongst the verbal litter. Also, she shouldn’t be discouraging folks who want to start their own hotel 🏨. It just may work! Overall, Great podcast 👍🏾⭐️🏆!!

  • @rosegold.sunset4749
    @rosegold.sunset4749 Před rokem +1

    the intro music is too loud

  • @igorschimidt1985
    @igorschimidt1985 Před rokem +3

    It's weird how most of the time her answers seemed quite superficial and evasive, generic, almost as if she couldn't be more specific and more helpful. The questions however were spot on!

  • @sail2temporary
    @sail2temporary Před 5 měsíci

    Great video thanks. But the intro music is kind of annoying. It's too loud. Not trying to be mean or rude at all. Just my opinion so you can slightly improve your channel. :)

  • @sherelleharmony6039
    @sherelleharmony6039 Před 11 měsíci +1

    After the first question I felt to log off, she’s taking farrr too long to get the point. Like girl just answer the question 😫. Then by the second it’s like she gives you pieces just enough to make you go and buy her book or courses- not feeling her at all, switched off.

  • @steve293
    @steve293 Před 2 měsíci

    Ask yourself if you're really going to take in advice from someone who says that 2008 wasnt "really a crash". Perhaps she assumes that the entire world would timetravel and have to physically stand in souplines for us to finally say 'folks its a crash!'.

  • @janariahtaylor8012
    @janariahtaylor8012 Před měsícem

    Feel like she was still gatekeeping and telling us to read her book and her course like she keeps talking around the answer to the question asked

  • @madeitstick
    @madeitstick Před rokem +2

    She did not answer your questions. It is always a beginning and end. So she could have gave you a ball park number. She not good with answering questions on interview. #madeitstick

  • @joycepowell
    @joycepowell Před rokem +1

    she is bouncing all around the questions... she seems so uncertain of her own business.

  • @corrinvestors3303
    @corrinvestors3303 Před rokem

    Interesting ..

  • @ShanteenVWM
    @ShanteenVWM Před 9 měsíci

    I have Cacun Resort Deal waiting for you and your partners to become the new owners. Now asking price $325MM and Seller Finance available.

  • @isatoubojang632
    @isatoubojang632 Před rokem +1

    I have a very nice pices of land am looking for partnership to build a hotel with you

  • @icemelts-yw6lb
    @icemelts-yw6lb Před 2 lety

    12:54

  • @ericsparks6276
    @ericsparks6276 Před rokem +1

    Not many white women owned hotels either is mainly white men and Indian families she didn't put that in there

  • @bibisanchez6041
    @bibisanchez6041 Před rokem

    Too many ads. Subscribed and unsubscribed. You asked good questions though. ❤

  • @rockymartin4966
    @rockymartin4966 Před 2 lety +2

    You all are trying to a good job. But You video is toooooooooo longgggggg.🇮🇳 🙈 🤣.

  • @felixpropertymanagement7342

    If I had a group "white hotel investors" would that be ok? She sounds great but c'mon

    • @nataliewalters2759
      @nataliewalters2759 Před rokem +1

      Most white people come from families that know about investing. Black people are just learning about it with in the past couples of decades. We are trying to help our own people since many of us were kept out of the know for building actual wealth , which was on purpose. Jewish communities and Asian communities do the same with building up their communities . White people too forever . Us black people are trying to learn and teach our own as well.

    • @felixpropertymanagement7342
      @felixpropertymanagement7342 Před rokem +1

      @nataliewalters2759 many of us younger White's don't see color like that. Good people are good people. I enjoy and would work with anyone looking to advance