Hotel Investing at EOS – Jonathan Wang (EP.506)
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.7 • 842 Ratings
🗓️ 15 June 2026
⏱️ 60 minutes
🧾️ Download transcript
Summary
Jonathan Wang is the founder and CEO of EOS Investors, where he has built three real estate investment platforms totaling $2 billion in assets under management across the hotel and residential sectors. Jonathan also created a wholly owned hotel management company that oversees 60 properties for the EOS funds and five core partners.
Our conversation covers Jonathan's path to hotel investing and EOS' hotel investment process across market selection, property type, underwriting, vertically integrated operations, and managing through cycles. We also discuss extensions into residential real estate, hotel credit, and opportunities and risks going forward.
Learn More
Follow Ted on Twitter at @tseides or LinkedIn
Subscribe to the mailing list
Access Transcript with Premium Membership
Transcript
Click on a timestamp to play from that location
| 0:00.0 | When COVID hit, which was a crazy time for hotels, we were running 95% occupancy and then the state |
| 0:06.4 | mandated us to send everyone home and no one knew when they were ever going to reopen |
| 0:10.0 | or if we were ever going to leave our homes again. |
| 0:11.9 | There was a hotel at the time. |
| 0:14.4 | Once Florida lifted the ban on travel and they capped occupancy at 50%. |
| 0:20.0 | What we saw at our other assets in the market was that we could fill up to max occupancy at rates that were higher than they were before the world shut down, basically the next day. |
| 0:30.6 | We had this unbelievable data about how demand was going to be for leisure assets that you didn't have to get on a plane for |
| 0:39.9 | in a mid-COVID environment and potentially post-COVID environment. |
| 0:44.1 | There was a developer. He built a hotel. We had looked at it years before. We had a great |
| 0:48.9 | relationship with him. He was in a lot of trouble because he had a full recourse loan. |
| 0:53.6 | His lender was scared. They didn't |
| 0:55.3 | want to extend the loan because they were just at zero occupancies. They called us and said, |
| 1:00.5 | hey, we need to sell this at this price, which we knew immediately was incredibly attractive. |
| 1:07.2 | We ended up looking at it, creating a business plan around it, and we were able to buy this hotel. |
| 1:11.9 | There was some capital improvement as part of this business plan, and there was mainly operational changes and improvement that we could have. |
| 1:18.8 | The business plan in this case was we bought a hotel in the marina. |
| 1:23.1 | We conded off the marina from the hotel. |
| 1:25.1 | It was at the early stages of marina roll-ups starting to form. |
| 1:29.8 | We took the brand off the hotel, made it independent. |
| 1:33.4 | That allowed us to increase revenues through a variety of things and cut costs from paying the brands. |
| 1:39.8 | The other thing that we did was spend about a million dollars landscaping to give it more separation from the road. |
| 1:46.0 | We ended up selling the marina to a marina roll-up group. |
... |
Transcript will be available on the free plan in 13 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Ted Seides – Allocator and Asset Management Expert, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ted Seides – Allocator and Asset Management Expert and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.