Davonne Reaves has taken the hospitality industry by storm. In 2021, she made history as one of the youngest Black women to co-own a property in a major hotel chain, and now, she has added two more hotels to her growing portfolio. Together with Nassau Investments, Reaves is the co-owner of Staybridge Suites in Fishers, Indiana, and Hampton Inn & Suites in Scottsburg, Indiana, bringing her total new property value to $18 million.
Reaves’ success is a testament to her hard work, determination, and commitment to creating generational wealth. The 34-year-old mother and real estate investor has been working in the tourism industry for 15 years, starting as a hotel reception employee and working her way up to a mid-level managerial position before becoming a hotel owner. She also owns her hospitality firm, The Vonne Group, which provides training and resources for aspiring hospitality entrepreneurs, with a particular focus on underrepresented groups such as people of color and women.
For Reaves, hotel ownership and investment are not just a means to financial success but a tool for creating generational wealth. Her passion for helping others achieve similar goals inspired her to launch the Future Hotel Owner training program offered in various cities across the US this year. Reaves’ book, How to Buy a Hotel: A Roadmap to Hotel Ownership, is a comprehensive guide to becoming a hotelier.
Reaves hopes to provide aspiring hotel owners and investors with the knowledge, tools, and resources they need to succeed in this highly competitive industry through her training program and book. From putting together, the right acquisition team to raising capital and finding the right lender, Reaves will walk participants through every step of the hotel acquisition process.
As Reaves continues to grow her portfolio and inspire others to achieve their dreams of hotel ownership and investment, she remains committed to creating a more diverse and inclusive hospitality industry.