Episode 206: How to Become a Hotel Owner | Davonne Reaves | The Vonne Group

Episode 206 talks about how to become a hotel owner, featuring Davonne Reaves. Listen now! 

Hospitality trailblazer Davonne Reaves is the Founder of The Vonne Group, an award-winning hotel consultant, asset manager, 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 makes hotel ownership tangible by providing education and resources on the hotel acquisition process. She has educated over 4,000 people and provided a path to hotel ownership to many individuals across the U.S.

Reaves 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.

Reaves is a Philadelphia native with deep roots in the Atlanta community. 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.

You can follow Davonne on Instagram, Facebook, Twitter, YouTube, LinkedIn & her website.

Episode 206 Highlights:

• Money lessons she grew up with
• Tips on transitioning from a 9-5 to entrepreneurship
• What life looked like prior to becoming a full-time entrepreneur in 2017
• Why she wanted to become a hotel owner
• How to find a hotel that’s for sale
• How does a hotel owner make money
• Pros & cons of hotel ownership
• And more!

Resources mentioned in this episode:

• LHA
• NABHOOD
• AAHOA
• AHLA

Watch episode 206 on our YouTube channel! Subscribe here.

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Until next time, stay empowered, stay inspired and #staypoderosa ✨ 

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