Episode 16: Jakub Dyba, R2G
If you're a frequent traveler, you may have heard of the Fairmont brand. But have you heard of the Fairmont Golden Prague? Jakub Dyba, Head of New Investments at R2G, shares the story of how they acquired the Intercontinental Hotel in Prague four years ago and turned it into a luxurious Fairmont hotel that is set to open its doors in 2024. R2G's investment strategy is centered around conservative, cross-generational assets that prioritize value preservation over rapid growth. Despite not planning to invest in hospitality initially, they saw an opportunity to acquire a prime location in Prague and took it. After organizing a competitive tender process, they chose the Fairmont brand to manage the hotel's future, and Jakub believes it will become a clear leader in the Prague hospitality market. But R2G's plans don't stop there. They have been in close contact with local authorities to discuss the final look of the surrounding areas and have plans to open two new buildings adjacent to the Fairmont Golden Prague. Jakub emphasizes the importance of location in future investments and says they have looked at opportunities in different capital cities. As a traveler, the opening of the Fairmont Golden Prague is something to look forward to. But as an investor, R2G's investment strategy and success in the hospitality industry provide valuable insights into the importance of value preservation and strategic partnerships.