The Inspired Stories Podcast

The Power of Niche Expertise: David Sangree's Hotel and Waterpark Appraisal Success


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πŸŽ™οΈ From Peace Corps to Hospitality Expert: David Sangree's 20-Year Appraisal Journey

David Sangree, President of Hotel & Leisure Advisors in Lakewood, Ohio, shares his remarkable journey from Peace Corps service in Malawi to building and selling a specialized hospitality consulting firm. With expertise in hotel and waterpark appraisals, David navigated two major recessions while creating a niche practice that became valuable enough to attract acquisition after 20 years of strategic growth.

✨ Key Insights You'll Learn:

  • Building a specialized appraisal practice focused exclusively on hospitality and waterparks

  • The power of niching down within the appraisal industry to command premium fees

  • Surviving and thriving through 2008-2009 recession and COVID-19 pandemic challenges

  • Selling a 20-year-old company while staying on as president for five years

  • Why focusing on one property type makes you the expert clients seek

  • Navigating year-long sale processes while maintaining business operations

  • Balancing entrepreneurship with board service at University of Livingstonia in Malawi

  • Creating value through specialized expertise rather than broad generalist approaches

  • The importance of daily physical activity for mental clarity and business performance

  • Celebrating partnerships with ADCI and expanding educational opportunities in Africa

🌟 David's Key Mentors:

  • Peace Corps Experience in Malawi: Shaped his worldview and led to ongoing commitment serving on board of University of Livingstonia

  • Hospitality Industry Colleagues: Attending International Society of Hospitality Consultants meetings provided peer learning and industry networking

  • 2008-2009 Recession Lessons: Taught resilience and business adaptation during major economic downturns

  • COVID-19 Business Challenges: Forced strategic thinking about company future and sustainability

  • Clemson and Columbus Ohio Experiences: Different geographic markets provided diverse perspective on hospitality consulting

  • Trade Publication Communities: Hotel Business and Hotel Management Magazine connections kept him informed on industry trends and top operators

πŸ‘‰ Don't miss this powerful conversation about building specialized expertise, surviving economic crises, selling your business strategically, and maintaining service commitment to educational institutions in Africa.

πŸ”— Connect with David Sangree:

Website: hladvisors.com (Contact form and direct email available) LinkedIn: David Sangree, President at Hotel & Leisure Advisors Board Service: University of Livingstonia, Malawi

πŸ“„ Transcript Available: The Power of Niche Expertise: David Sangree's Hotel and Waterpark Appraisal Success

πŸ“Ί Watch on YouTube: Inspired Stories Podcast by AddBack Benefits Agency

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πŸ“„ Special Thanks to Anthony Codispoti & AddBack Benefits Agency: AddBack Benefits Agency - Providing innovative employee benefits solutions that improve employee well-being while optimizing your bottom line Website: addbackbenefits.com

#HospitalityConsulting #BusinessSale #Entrepreneurship #HotelAppraisal #NicheExpertise #PeaceCorps #BusinessGrowth #RecessionSurvival #ExitStrategy #InspiredStoriesPodcast


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The Inspired Stories PodcastBy Anthony Codispoti