#291 - T. Dupree Scovell - CIO @ Woodbine Development Corp. - World Class Hotel & Hospitality Properties

Dupree Scovell is the managing partner and chief investment officer at Woodbine Development Corporation, a full-service real estate company that specializes in hospitality. He got his start in the hotel business at the age of 16, working as a dishwasher at Hyatt Regency Dallas. In 2011, Dupree joined Woodbine and expanded its footprint with the opening of a West Coast office in Los Angeles before returning to Dallas in 2019. Currently, he and his brother, King, work together as managing partners to lead the team, cast vision, and provide strategic direction for the company. Dupree is also responsible for Woodbine’s acquisition platform and capital markets efforts, as well as overseeing Woodbine Legacy Investments, a private equity fund dedicated to the acquisition and development of upscale select-service and full-service branded and boutique hotels throughout the United States. On this episode Chris & Dupree discuss: ➡️ the impact of our fathers and great mentors on both of us ➡️ Woodbine's Story and history ➡️ how Woodbine invests and creates world-class experiences ➡️ current market insights 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/survey Additional Resources 👉 Woodbine 👉 Dupree on LinkedIn ➡️ Fort Capital: https://bit.ly/FortCapital ➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ ➡️ Follow Chris on Twitter: https://bit.ly/3BYIjcH ➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ ➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/ ➡️ Subscribe to The Fort on YouTube: https://bit.ly/3oynxNX Timestamps (00:03:05) Dupree’s Background and Career (00:06:11) Lessons learned playing for Mike Leach (00:10:20) The role apprenticeship plays in the success (00:13:12) Fatherhood Lessons (00:31:50) Buying a business from your father (00:36:16) Woodbine and the Hunt Family (00:40:11) Experiences raising from Family Offices (00:49:38) Woodbine’s Approach to Hospitality (01:01:15) Setting prices and booking practices (01:05:40) Thinking differently about Hospitality (01:12:33) Thoughts on Office (01:17:29) Full-Service operations & Food and Beverage (01:21:44) How do STRs play into the whole picture? (01:33:34) Thoughts on the market (01:26:53) Closing advice -- 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

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Here, we uncover the proven strategies, insights, and inspiring stories of today’s greatest leaders in the worlds of business, real estate, entrepreneurship, and investing. Each episode’s mission is to help you to level up your entrepreneurial game by hearing directly from the men and women in the arena. Chris is able to uniquely uncover things not commonly discussed because he is an entrepreneur himself. We not only cover business, but we also cover the personal side of entrepreneurship. The Fort began in 2018 as a way for Chris to publicly explore the fascinating world of entrepreneurship. Since he was a child, he’s been characterized as obsessively curious about the world around him.  The Fort has now been downloaded over 2M times, across more than 50,000 unique listeners. Each week features conversations with entrepreneurs, Founders, CEOs, and Executives from some of the leading companies in America. Past guests have represented companies such as JLL, Hillwood, S2 Capital, Chick Fil A, Morning Brew, Founders Podcast, Tiny Capital, Permanent Equity, Fort Capital, Matthews REIS, Bonobos, and ConvertKit. 🐦 Follow Chris on Twitter: www.twitter.com/FortWorthChris 💡 Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 📹 Subscribe to The FORT on YouTube: https://www.youtube.com/@FORTpod