Two teams of women from the Cornell SC Johnson College of Business are among five teams from across the U.S. selected to compete for $50,000 in deal equity in the inaugural She Has a Deal Hotel Pitch Competition.
The competition began last fall and included mentoring. The finalists emerged from a field of 14 teams and will present their final pitches Oct. 24 in McLean, Virginia.
Cornell’s finalists are:
- CityTerrace Ventures: Nancy Guzman, MBA ’19, and Marlene Reyes, MBA ’19, both graduates of the Samuel Curtis Johnson Graduate School of Management; and
- Team Datcher: Joanne Angbazo, MPS-RE ’20; Kristen Collins, MPS-RE ’20; and Lera Covington, MPS-RE ’20; all graduates of the Baker Program in Real Estate.
Unlike typical real estate case competitions, which give all teams the same case to analyze, She Has a Deal tasks competitors with finding their own development opportunities. CityTerrace Ventures’ concept is La Jane, a lifestyle-boutique hotel in downtown Scottsdale, Arizona.
Team Datcher – named to honor Jane Eleanor Datcher, Class of 1890, the first Black woman to graduate from Cornell – pitched an adaptive reuse of a historic bank in Detroit that team members propose converting into an upscale hotel.
She Has a Deal is designed to encourage female and Black ownership and development of hotels, with the aim of diversifying the industry. “There is a great need for more diversity in the hotel development space,” said Team Datcher’s Collins, now a strategy consultant manager at CBRE in New York City.
– Jeannie Griffith