HOT PROPERTY

A REAL ESTATE MOGUL CHATS WITH AN NBA STAR LOOKING TO GET INTO THE BUSINESS

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Andre Drummond and Don Peebles both know an awful lot about hotels. Drummond has stayed in too many to count during his NBA career, while Peebles has made millions of dollars developing them. While Drummond, a two-time All-Star center who currently plays for the 76ers, will be back for a

14th season this fall, he’s definitely thinking about what he’ll do when his career finally comes to an end. He thinks he’d like to get into real estate, so who better to talk to than Peebles, who has been involved in that sector for decades? In 1996, Peebles became the first African American to develop a major hotel when he secured the rights to the Royal Palm in Miami, and three years later he purchased the city’s historic Bath Club after becoming its first Black member.

The two met in New York City recently for a friendly game of cards and a discussion about business as part of The Playbook, a video series created by SPORTS ILLUSTRATED and Entrepreneur. A few highlights of their discussion are below. For the full conversation, visit SI.com.