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E24: SPECIAL EPISODE - Behind the Scenes at Accountable Equity
In this episode, Scott Bindas, operating partner at Accountable Equity, joins us as we discuss our new offering for Phase 2 of the Renault Winery Resort.
The Renault Winery Resort was acquired almost three years ago, and it was expected to grow over five to 10 years. We were ready to stretch that to 15 years due to the pandemic, but surprisingly, we have already well exceeded our 10-year goal of revenue. Recognizing the demand for rooms, we have decided to launch the Phase 2 development process to increase our room quantity, potentially increasing profitability.
Now, if you're not interested in being an investor but want to learn how deals are put together, you're still welcome to listen to this episode and learn the basics as well as come to the webinars and other training we have put together.
Here’s what we talked about:
Episode Highlights:
Things to Look into with Hospitality Investing
Culture - As an investor, you need to look at the culture and the community that has been built. At Renault, we're genuinely touching thousands of guests, especially on weekends. And so, it’s important to be able to come and see the culture and how they treat their guests.
Offerings - Don't worry about learning the terminologies because you don't have to know everything at once. You will learn it over time. The beauty of investing in a resort is you can have 10-20 plus revenue streams, and even more, as new ones are being created.
The Minimum Investment for Equity and Terms of Returns
Investment for equity at Renault starts at $25,000 a fund. Then you can buy at a minimum of $25,000 increments.
One of the options available for returns is preference payment. For instance, if you put $100,000 in, and we're selling at 10% preference, you're going to be earning an equivalent of $10,000 a year, which is a much better way than almost everything else going on in the world today.
You can buy in and make a lot of money for six years, and redeem it. Or you also have the option to convert it and potentially become a perpetual owner with us into the future.
Links:
Accountable Equity
Renault Winery Resort
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By Bob & Usha with Melanie & Josh McCallen
5
66 ratings
In this episode, Scott Bindas, operating partner at Accountable Equity, joins us as we discuss our new offering for Phase 2 of the Renault Winery Resort.
The Renault Winery Resort was acquired almost three years ago, and it was expected to grow over five to 10 years. We were ready to stretch that to 15 years due to the pandemic, but surprisingly, we have already well exceeded our 10-year goal of revenue. Recognizing the demand for rooms, we have decided to launch the Phase 2 development process to increase our room quantity, potentially increasing profitability.
Now, if you're not interested in being an investor but want to learn how deals are put together, you're still welcome to listen to this episode and learn the basics as well as come to the webinars and other training we have put together.
Here’s what we talked about:
Episode Highlights:
Things to Look into with Hospitality Investing
Culture - As an investor, you need to look at the culture and the community that has been built. At Renault, we're genuinely touching thousands of guests, especially on weekends. And so, it’s important to be able to come and see the culture and how they treat their guests.
Offerings - Don't worry about learning the terminologies because you don't have to know everything at once. You will learn it over time. The beauty of investing in a resort is you can have 10-20 plus revenue streams, and even more, as new ones are being created.
The Minimum Investment for Equity and Terms of Returns
Investment for equity at Renault starts at $25,000 a fund. Then you can buy at a minimum of $25,000 increments.
One of the options available for returns is preference payment. For instance, if you put $100,000 in, and we're selling at 10% preference, you're going to be earning an equivalent of $10,000 a year, which is a much better way than almost everything else going on in the world today.
You can buy in and make a lot of money for six years, and redeem it. Or you also have the option to convert it and potentially become a perpetual owner with us into the future.
Links:
Accountable Equity
Renault Winery Resort