Do you aspire to be an investor or hotel owner? Like any real estate investment, location is the primary factor that will determine your success in this business. You can have the most beautiful hotel but if it is located somewhere with no attractions, you will have an empty hotel.  Today’s guest is Davonne Reaves, founder and chief hospitality strategist at The Vonne Group. In this episode, she teaches you how to determine if a property is worth investing in and alternative strategies to fund your purchase. With so many opportunities available, she helps you evaluate what type of hospitality property best suits your goals, whether that's a Bed and Breakfast, a rehab of an existing hotel or a brand new hotel. Whatever your approach is to hotel ownership, Davonne makes the business planning simple; find a great deal, hire great managers and above all else buy where there is already a demand.
 
If you want to become a hospitality tycoon with a hotel that guests will flock to, listen now!
 
Want to keep up with Davonne Reaves? Find details here:
 
► Website:https://thevonnegroup.com/
 
► Courses:https://www.futurehotelowner.com/cohort?r_done=1
 
► Instagram:https://www.instagram.com/davonnereaves/
 
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KEY TAKEAWAYS
[00:00:00] The demand needs to be there 
[00:01:30] The 3 things that make a hotel successful
[00:03:40] Crowdfunding vs private negotiations
[00:07:30] You cannot depend on one demand generator