PGLRE #51: How to Buy a Hotel with Davonne Reaves
On episode 51 of Pretty Girls Love Real Estate, I chat with Davonne Reaves, hotelier and founder of Vesterr, a crowdfunding platform for commercial real estate investments. During our conversation we discuss:
The three most important things when evaluating a hotel
Hotel brands with diversity programs to help more minorities with hotel ownership
The competition between short term rental platforms and traditional hotels
Book recommendation:
How to Buy a Hotel by Davonne Reaves
Contact Davonne:
LinkedIn IG: @davonnereaves
Full Bio:
Hospitality trailblazer Davonne Reaves is the Founder of The Vonne Group, an award-winning hotel consultant and asset manager. She’s also owner of 3 hotels, and the Founder of Vesterr, the first crowdfunding platform for hotel investments.
After starting as a front desk agent in the hospitality industry 15+ years ago, Davonne held various positions in the hospitality industry, including in asset management at CHMWarnick, where she managed portfolios totaling over $1 billion in hotel assets.
Today, she uses that experience to teach the Black community how to become successful hotel investors and owners.
Reaves has educated over 4,000 people and provided a path to hotel ownership to many individuals across the U.S.
She has been featured in Forbes, The Atlanta Business Chronicle, Black Enterprise, MarketWatch, The Atlanta Journal-Constitution, NextAdvisor (Time), and Franchise Times.
Reaves has been recognized by organizations like The International Society of Hospitality Consultants, Hotel Management Magazine, and The International Hospitality Institute.
She serves on the Board of her Alma mater, Georgia State University Cecil B. Day School of Hospitality, where she obtained a B.A. in Sociology.
Reaves was inducted into Georgia State University’s top 40 under 40. She also received a Trailblazer of the year Award by The Urban League of Greater Atlanta and was recognized as a top 100 most influential African American under 40 by The Root.
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