Jan Henric Buettner
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I never thought about like return on investment, all this kind of thing.
So, of course, I took a lot of my own private money, so about 90 million of my own equity, but still 60 million of other people's money.
And so that has to be earned back.
And yeah, so it's very tough right now because I'm right now trying to get a partner or selling it or whatever to kind of bring it to the next level because in the end, I spent three times seven years with this, right?
So first year was basically resort developer.
Second year was basically... Second seven years was...
doing it as a profitable hotel operations and the third part is kind of nice to have projects like the residences the studio and so on and I also see now an exit because I spent all my 40s and all my 50s with this and I never would have thought that 20 years ago and so I don't want to carry the bag alone like in my 60s and 70s I want to see that I have
And maybe somebody to do it together with or have a transition period or sell it or whatever.
So it's a little bit tough because it's very close to my heart and I build everything with it and I know all the details.
But sometimes also you have to let go and see what's the next step.
And this is why also freestyle chess is helping me also to have a new focus and to do something in the next seven years.
Do you build every company with an exit in mind at first?
No, not at all.
And quite the opposite, especially what the castle and the hotel is concerned.
I built it as if it was my own home.
And so I never thought about any part of an investment.
Does it have a return or whatever?
Does it make sense?
It makes sense.
It has to make sense.