Atlantans Davonne Reaves and Jessica Myers recently closed on an $8.3 million deal to acquire the Home2 Suites by Hilton El Reno, Oklahoma, located about 30 miles from Oklahoma City, through their Atlanta-based commercial real estate investment firm Epiq Collective.

Reaves and Myers, both 33, met as college students in the early 2000s, at Georgia State University, and reunited 11 years later, in 2019, to form their company which acquired more than $14 million in commercial real estate assets, with a focus on hotels and multi-family structures.

“Our goal is to own at least 1,000 ‘doors’ and create 221 hotel owners in 2021,” Myers said. “If you have some capital and you’re looking to grow it, we’re open to having those conversations.”

“Statistically only two percent of hotel owners are African-American, and we want to change that. There’s a big void there and we want to help fill it.”

With a hotel ownership group of mostly millennials, Myers and Reaves partnered with Nassau Investments to acquire the Home2 Suites by Hilton El Reno.

“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 said.

Reaves, who spent the bulk of her professional career in the hospitality industry, working in restaurants, event planning and multiple rank-and-file and mid-level management hotel positions.

“I have done just about every job possible and worked every shift. The only thing I haven’t done is unclog a toilet,” Reaves said.

She eventually relocated to the Boston area to take a position as an associate for CHMWarnick, the largest third-party hotel asset management company in the country. After two years, Reaves decided to return to Atlanta where she reconnected with Myers who worked in communications and advertising industry professional for CBS and Outfront Media.

Myers says that her introduction to real estate came from watching many hours of HGTV. She’s gone from flipping single-family properties to now acquiring commercial properties thanks to her partnership with Reaves.

Myers and Reaves both maintain their own companies, The Vonne Group and It’s Jessica Myers.

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(Photo: Courtesy ofEpiq Collective)

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