Jake Wurzak's guest appearances

Jake Wurzak

The Fort - An Entrepreneurship Podcast

The Pomp Podcast

DesignAgency in Conversation

Masters of Moments

OwlTail

On today's episode, Jake breaks down how DoveHill Capital Management underwrites Hospitality Deals. He details how they evaluate both the qualitative &amp; quantitative factors of a potential asset, including price, historical performance, revenue trends, and expenses. He also explains how they model deals, identify Capex issues, how they structure deals, and their investment committee process. Finally, he wraps up with mistakes they've made in the past and how you can avoid them. Enjoy! Links: Smith Travel Research FRED (Federal Reserve Economic Data) CoStar Connect &amp; Invest with Jake: Follow Jake on Twitter Take the Hospitality Investing Masterclass Learn How to Invest with DoveHill Topics: (00:01:02) - Introducing our first solo show! (00:02:19) - Defining Underwriting (00:03:32) - What happens when a deal comes into DoveHill: Evaluating the qualitative factors of a potential asset (00:11:11) - Quantitative Factors: Price, historical performance, revenue trends, and expenses (00:20:17) - Modeling: Back of Napkin method (00:23:02) - Implementing the in-house management team &amp; identifying Capex issues (00:30:14) - Underwriting the Capital Structure (00:32:57) - The Exit Scenario &amp; Stating Risks (00:35:40) - Easy mistakes to make (00:40:29) - The investment committee process (00:42:53) - The importance of timing (00:44:35) - Closing thoughts &amp; Call to action

On today's episode, Jake breaks down how DoveHill Capital Management underwrites Hospitality Deals. He details how they evaluate both the qualitative &amp; quantitative factors of a potential asset, including price, historical performance, revenue trends, and expenses. He also explains how they model deals, identify Capex issues, how they structure deals, and their investment committee process. Finally, he wraps up with mistakes they've made in the past and how you can avoid them. Enjoy! Links: <a href="https://str.com/" rel="noopener nofollow" target="_blank">Smith Travel Research</a> <a href="https://fred.stlouisfed.org/" rel="noopener nofollow" target="_blank">FRED (Federal Reserve Economic Data)</a> <a href="https://www.costar.com/" rel="noopener nofollow" target="_blank">CoStar</a> Connect &amp; Invest with Jake: <a href="https://twitter.com/jwurzak" rel="noopener nofollow" target="_blank">Follow Jake on Twitter</a> <a href="https://learn.jakewurzak.com/" rel="noopener nofollow" target="_blank">Take the Hospitality Investing Masterclass</a> <a href="https://dovehillcos.junipersquare.com/portal/view_lead_capture_form/MzhmOGE4MTUwMjZhNDZkNmU1MGE0NmYwOTdhZjk2MzAxYzE0MjIzMGdBV1ZEUUFBQUFBQUFBQW9UVzhJVFdzTlRrNkpkSlF1" rel="noopener nofollow" target="_blank">Learn How to Invest with DoveHill</a> Topics: (00:01:02) - Introducing our first solo show! (00:02:19) - Defining Underwriting (00:03:32) - What happens when a deal comes into DoveHill: Evaluating the qualitative factors of a potential asset (00:11:11) - Quantitative Factors: Price, historical performance, revenue trends, and expenses (00:20:17) - Modeling: Back of Napkin method (00:23:02) - Implementing the in-house management team &amp; identifying Capex issues (00:30:14) - Underwriting the Capital Structure (00:32:57) - The Exit Scenario &amp; Stating Risks (00:35:40) - Easy mistakes to make (00:40:29) - The investment committee process (00:42:53) - The importance of timing (00:44:35) - Closing thoughts &amp; Call to action

#10: Jake Wurzak - How We Underwrite Deals

 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 &amp; 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 &amp; 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 &amp; 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

<a href="https://docs.google.com/forms/d/e/1FAIpQLSe1BewlYibTuP1dO_yWdUMPs1a25KVY0KoFE84_afXbYz6NyQ/viewform" rel="nofollow" target="_blank">We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.</a> <a href="https://www.thefortpod.com/survey" rel="nofollow" target="_blank">https://www.thefortpod.com/survey</a> Jake 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 &amp; 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 hotels Chapters:(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 &amp; 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 &amp; 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: <a href="https://twitter.com/JWurzak" rel="nofollow" target="_blank">https://twitter.com/JWurzak</a>👉 Jake's Podcast - Masters of Moments: <a href="https://mastersofmoments.com/" rel="nofollow" target="_blank">https://mastersofmoments.com/</a>👉 Dovehill Capital Management: <a href="https://www.dovehillcos.com/" rel="nofollow" target="_blank">https://www.dovehillcos.com/</a> ➡️ Learn more about Xeal: <a href="https://bit.ly/XealEnergy" rel="nofollow" target="_blank">https://bit.ly/XealEnergy</a>➡️ Fort Capital: <a href="https://bit.ly/FortCapital" rel="nofollow" target="_blank">https://bit.ly/FortCapital</a>➡️ Follow Fort Capital on LinkedIn:<a href="http://www.linkedin.com/company/fort-capital/" rel="nofollow" target="_blank"> www.linkedin.com/company/fort-capital/</a>➡️ Follow Chris on Twitter:<a href="http://www.twitter.com/FortWorthChris" rel="nofollow" target="_blank"> www.twitter.com/FortWorthChris</a>➡️ Follow Chris on LinkedIn:<a href="http://www.linkedin.com/in/chrispowersjr/" rel="nofollow" target="_blank"> www.linkedin.com/in/chrispowersjr/</a>➡️ Sign Up for our Newsletter:<a href="https://dashboard.cohostpodcasting.com/shows/b7495657-2454-4a03-9224-a9c8da7d7436/episodes/ac7e54f5-e7c0-451b-b1bc-297f8813e2e7" rel="nofollow" target="_blank"> https://newsletter.thefortpod.com/</a>➡️ Subscribe to<a href="https://www.youtube.com/@FORTpod?sub_confirmation=1" rel="nofollow" target="_blank"> The FORT on YouTube</a> --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 <a href="https://twitter.com/johnnypodcasts" rel="nofollow" target="_blank">Johnny Podcasts</a>

Jake Wurzak - Founder & CEO of DoveHill Capital Management & President of Wurzak Hotel Group - Building a Hotel Empire

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 &amp; 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. Listeners 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/ =======================

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 &amp; 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 <a href="https://www.lyceummiami.com/" rel="nofollow" target="_blank">LYCEUM | Miami</a>, 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. Listeners 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 <a href="http://lyceummiami.com/" rel="nofollow" target="_blank">lyceummiami.com</a><a href="https://www.lyceummiami.com/" rel="nofollow" target="_blank"> </a>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 <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbWlvM2VzUmtXZUJxdEh6TzVGSXJkNnhBamdmQXxBQ3Jtc0tub00tRnRYMzU4dU12cXFEcnhJQWpLOUN0cHVwcmlwSDMwZ0dSVng1bV95QWpTWVl0TkNtMC14b2NocGZQdGsxcFBHTUpEYWRrMVI2REZJY2NOWWxuYU05NTVWUXNQTEtvZFFDM3AxRG91SWVTRFdLYw&amp;q=https%3A%2F%2Fpomp.substack.com%2F&amp;v=wIC-Z1UeOkk" rel="nofollow" target="_blank">https://pomp.substack.com/</a> =======================