New Hotel Taps Into Ohio Energy Boom

CARROLLTON, OH—The advent of fracking and other new extraction technologies have given a huge boost to the domestic energy industry, and will in a few years transform the US into a net exporter of energy, according to experts. In fact, by 2017, the US will surpass Saudi Arabia and Russia as the world’s leading oil producer. The boom has begun transforming landscapes across the Midwest, and a new generation of real estate entrepreneurs has moved in to help drive those transformations.

One of those is Farid Guindo. Still in his twenties, Guindo was working as an energy analyst for Ospraie Management when he decided to launch Drill Capital LLC, a real estate company that will initially focus on projects in the booming Utica shale region in eastern Ohio, which has attracted thousands of oil and gas workers.