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

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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Пікірлер: 62

  • @ccb6013
    @ccb6013 Жыл бұрын

    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.

  • @corrinvestors3303

    @corrinvestors3303

    Жыл бұрын

    Music Is kind of to loud

  • @scl242
    @scl242 Жыл бұрын

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

  • @sheilalucy2238
    @sheilalucy22382 жыл бұрын

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

  • @MrVee24
    @MrVee24 Жыл бұрын

    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

    Ай бұрын

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

  • @ameyaspikes6732
    @ameyaspikes67322 жыл бұрын

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

  • @Unpopularopinionsbyme
    @Unpopularopinionsbyme2 жыл бұрын

    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.

  • @Kyngfitness1578
    @Kyngfitness157811 ай бұрын

    Very informative, thanks!!

  • @ematrix444
    @ematrix444 Жыл бұрын

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

  • @ShesOffScript

    @ShesOffScript

    Жыл бұрын

    I appreciate it Estrella!

  • @kimberlyaddison1410
    @kimberlyaddison1410 Жыл бұрын

    Awesome video! New subscriber on ALL platforms!

  • @ShesOffScript

    @ShesOffScript

    Жыл бұрын

    Thanks Kimberly! Welcome🙌🏾

  • @Jerrymc1975
    @Jerrymc19755 ай бұрын

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

  • @ilovemycultureusa
    @ilovemycultureusa Жыл бұрын

    Wow glad I found you!

  • @jamescc2010
    @jamescc2010 Жыл бұрын

    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.

  • @temitopeowoyombo2708
    @temitopeowoyombo2708 Жыл бұрын

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

  • @coulsonjackson
    @coulsonjackson Жыл бұрын

    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.

  • @KentsKeys_e2e
    @KentsKeys_e2e Жыл бұрын

    Thanks!

  • @ShesOffScript

    @ShesOffScript

    Жыл бұрын

    I appreciate your support Kent!

  • @RespectTheConglomerate
    @RespectTheConglomerate Жыл бұрын

    This was great!

  • @Msangel06
    @Msangel06 Жыл бұрын

    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?

  • @Ricocase
    @Ricocase11 ай бұрын

    '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%.

  • @nikkifaith8894

    @nikkifaith8894

    6 ай бұрын

    That's true

  • @KrystalHarrell
    @KrystalHarrell2 жыл бұрын

    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.

  • @1realtruthrightnow742

    @1realtruthrightnow742

    Жыл бұрын

    I almost turned it off because of it

  • @pastorprophetssnichole9832
    @pastorprophetssnichole9832 Жыл бұрын

    So where did you get the money

  • @yaji5270
    @yaji5270 Жыл бұрын

    what is the TV show ?

  • @ryankeenan351
    @ryankeenan351 Жыл бұрын

    Can you use a sba loan at 10% down?

  • @alexander1982miller
    @alexander1982miller2 ай бұрын

    Must have a clean hotel, and fairly priced

  • @rosegold.sunset4749
    @rosegold.sunset4749 Жыл бұрын

    the intro music is too loud

  • @switchlite44
    @switchlite44 Жыл бұрын

    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

    Жыл бұрын

    I intently listened to this, and learned nothing.

  • @rosegold.sunset4749

    @rosegold.sunset4749

    Жыл бұрын

    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

    Жыл бұрын

    She would make a great individual for the pyramid scheme business

  • @switchlite44

    @switchlite44

    Жыл бұрын

    ​@@rosegold.sunset4749j

  • @Cosignedmylife
    @Cosignedmylife Жыл бұрын

    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. 😩🤦🏽‍♀️

  • @1realtruthrightnow742

    @1realtruthrightnow742

    Жыл бұрын

    Glad someone else caught that. Never answered any questions directly

  • @sail2temporary
    @sail2temporary5 ай бұрын

    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 Жыл бұрын

    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.

  • @_eatyourveggies
    @_eatyourveggies2 жыл бұрын

    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 👍🏾⭐️🏆!!

  • @yusufbarey6458

    @yusufbarey6458

    Жыл бұрын

    She is a wonderful and lively person. Great and cheerful personality. May God Bless her.

  • @urb-brand5444

    @urb-brand5444

    Жыл бұрын

    Wrong!

  • @1realtruthrightnow742

    @1realtruthrightnow742

    Жыл бұрын

    Correct!

  • @alfordelliott6943

    @alfordelliott6943

    5 ай бұрын

    She is confident. That happens when you're good at something. Stop being insecure

  • @icemelts-yw6lb
    @icemelts-yw6lb2 жыл бұрын

    12:54

  • @corrinvestors3303
    @corrinvestors3303 Жыл бұрын

    Interesting ..

  • @igorschimidt1985
    @igorschimidt1985 Жыл бұрын

    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!

  • @kingdomofshammah4234

    @kingdomofshammah4234

    3 ай бұрын

    She don't know how to fucken talk.

  • @steve293
    @steve2932 ай бұрын

    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
    @janariahtaylor8012Ай бұрын

    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

  • @isatoubojang632
    @isatoubojang632 Жыл бұрын

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

  • @madeitstick
    @madeitstick Жыл бұрын

    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 Жыл бұрын

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

  • @ShanteenVWM
    @ShanteenVWM9 ай бұрын

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

  • @ericsparks6276
    @ericsparks6276 Жыл бұрын

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

  • @bibisanchez6041
    @bibisanchez6041 Жыл бұрын

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

  • @rockymartin4966
    @rockymartin49662 жыл бұрын

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

  • @felixpropertymanagement7342
    @felixpropertymanagement7342 Жыл бұрын

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

  • @nataliewalters2759

    @nataliewalters2759

    Жыл бұрын

    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

    Жыл бұрын

    @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