#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

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Additional Resources

👉 Woodbine

👉 Dupree on LinkedIn

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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

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