633: Luxury Hotels Is A Non-Commoditized, Specialized Niche
One area of the economy and commercial real estate that’s flourishing is luxury travel. Well located, well managed hotels are unique assets that retain their value irrespective of the macroeconomic environment. In the past few years, this trend has been amplified because of the cost to build and resulting limited new supply. People who have the economic wherewithal will always prioritize upscale experiences and be willing to pay for them. Since founding Dovehill Capital Management in 2011, Jake Wurzak has led the investment of over $1.5 billion in hospitality projects, mostly in Florida where he resides. Currently, Jake is mostly investing in pref equity deals with other experienced operators.