Sabrina's Podcast

In this episode, I break down why hotel deals have become one of the most misunderstood investment categories in real estate. The industry has undergone a structural shift, but most investors are still underwriting hotels as if it’s 2013. We unpack the core truth: you’re not buying a building, you’re buying a business that operates inside a building. And the volatility of that business hits your r...

When construction costs explode, operators don’t wait for new builds, they convert independents. Conversions now account for up to half of new deals for major brands. Why? It’s a clean arbitrage: Operators lift performance through loyalty, tech, and distribution, without needing new physical assets. Owners get a demand engine; brands get network growth with minimal capital burn. Get full access to...

Marriott cracked the code: own the brand, not the buildings. This episode unpacks how its loyalty engine and tech stack turn margin into magic, half of all stays booked direct, zero OTA bleed, and fee streams that print cash without property risk. In hospitality’s new economy, Marriott shows that the smartest assets are digital, not physical. Get full access to Sabrina's Substack | All about priva...

Family offices are in their confident-but-cautious era, still expecting double-digit returns while pretending not to notice how wobbly the markets look. They’re piling into private credit and AI-linked infrastructure, chasing the big themes shaping the decade. AI isn’t just an investment story anymore; it’s the new obsession, the “can’t-miss” line item in every family office deck. Meanwhile, Europ...

Family offices are evolving, confident in their investment abilities but still held back by internal habits. The episode breaks down three things: their optimism about returns, the governance gaps that leave them exposed, and the tech paradox where they fear cyber risk but adopt digital tools slowly. To stay competitive, they’ll need to get more disciplined, structured, and tech-enabled. Get full...

To solidify the understanding of how these vehicles manage risk, consider the difference between a high-rise office complex and a lightning rod. Alternative Investments (AI) are like buying the high-rise complex - it offers high potential returns, but it's expensive to buy (large capital size) and difficult to sell quickly (illiquid structure). Its risks (like property market downturns) are system...

The J-curve effect describes the pattern of returns observed in an alternative investment fund, particularly those with a long time frame such as a private equity fund or a venture capital fund. Get full access to Sabrina's Substack | All about private capital & Hospitality at sabrinawunysi.substack.com/subscribe