The Hotel Investor Playbook From First Responder to Ground-Up Developer: An Inspiring Journey | Andrew Owlett E19
Feb 25, 2025
Andrew Owlett, a former first responder turned visionary developer, shares his inspiring journey to create a boutique wellness resort in Virginia. He discusses the freedom and challenges of ground-up development, emphasizing the importance of forming the right team and navigating zoning complexities. Andrew also reveals innovative strategies for funding his projects through small business acquisitions. His personal experiences with PTSD drive his commitment to community well-being, making this a compelling listen for aspiring developers and wellness enthusiasts alike.
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Validate Zoning During Due Diligence
- Run parallel zoning analysis, county meetings, and neighbor outreach during due diligence to validate rezoning chances.
- Build plan B/C scenarios (special permits or smaller by-right build) before committing to purchase.
Plan For Worst-Case Outcomes
- Prepare multiple exit scenarios and test worst-case financials; ensure you can live with the worst outcome.
- If plan C still works financially, proceed with higher-risk development paths.
Align Investors To Long Development Timelines
- Match investor profile to development timelines; seek long-hold investors for multi-year stabilization.
- Avoid investors who expect quick liquidity for slow ground-up hospitality projects.