At just 33-years old, Davonne Reaves and Jessica Myers are making history as the youngest Black women to co-own a property in a major hotel chain.
“I never thought by the time I was 33 that I’d be a hotel owner, but I admit that it feels great to have accomplished that at this point in my life,” Reaves told Black Business in an interview.
Reaves and Myers met as college students at Georgia State University. Years later, the Atlanta-natives launched the hotel ownership group Epiq Collective: a commercial real estate investment fund focusing primarily on multifamily and hotel projects.
When the co-founders decided to partner with Nassau Investments to acquire the Home2Suites by Hilton in El Reno, Oklahoma, a deal valued at more than $8 million, the two earned the distinction of being the youngest African American women to ever co-own a property in a major hotel chain.
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“I immediately thought about the Front Desk and how day after day, I would dream of this day, and now that it is a reality,” Reaves told Travel Noire. “I’m excited. This is definitely a game-changer in the course of my career.”
“While we were in the midst of it, I didn’t think, ‘let me make history.’ I was just set on achieving my goal of acquiring 1,000 doors,” Myers added. “After we closed and met with the team there, we realized it wasn’t just an acquisition of a hotel, and it was creating jobs. Being able to assist the team with resources. That is the history I celebrate.”
About Epiq Collective
Since 2019, principals Jessica Myers and Davonne Reaves have acquired more than $14 million in commercial real estate assets, with a focus on hotels and multi-family structures, according to a news release.
The firm works with passive investors seeking attractive long-term investment strategies to grow their real estate portfolio.