Jake Wurzak is the CEO of DoveHill Capital Management, and Wurzak Hotel Group. In this conversation, we talk about the hotel industry, everything from investing to operating both boutique and roadside businesses. When you think about this hotels that you visit, there is an operator that owns both the business & real estate, and they constantly think about how they can drive a profit. Jake is an expert, and has been doing it now with multiple hotels around the country. Jake breaks down both the economics and what makes a good hotel.

Announcing LYCEUM | Miami, a day-long event on March 4th in Miami Beach hosted by Pomp. We’re gathering an explosive group of experts to engage in a series of bold discussions, covering topics from investing, emerging tech, longevity, space exploration, entertainment and more.
The speaker lineup includes names such as investing legend Cathie Wood, NYT bestselling author Vivek Ramaswamy, billionaire Christian Angermayer, master of Contrarian Thinking Codie Sanchez, Modern Wisdom host Chris Williamson plus many more. Viewers will receive an exclusive 40% discount on VIP and Insider Pass tickets with code POMP40. General Admission tickets are free of charge. Spots are limited so head to lyceummiami.com to buy your ticket today.

Pomp writes a daily letter to over 200,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

TIMESTAMPS:
0:00 - Intro
0:45 - Hospitality & real estate
4:15 - Finding a location
5:45 - Reviewing hotels
9:30 - Walking through a deal
13:00 - New trends
16:55 - Meeting & lobby structure
20:45 - Economics
25:30 - Airbnb vs Hotels
32:00 - Marketing & technology
34:00 - Break-even point & iconic buildings
42:10 - Branding vs Experience
44:15 - Macro environment impact
50:45 - Biggest lessons learned
53:30 - Growing the business
58:45 - Hiring process
1:02:45 - Growing up in real estate
1:12:45 - Find online

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