Free Course:
Scale with Boutique Hotels
How to Find, Analyze, and Fund Boutique Hotels for Massive Growth Boutique hotels open up a whole new world of profit potential and scalability. STRs have a way of devouring all of a person's time. But by scaling up to boutique hotels you'll learn how to put the systems and team in place to build a business that supports your lifestyle - not one that takes it over. This free mini-course is loaded with 2.5+ hours of dedicated content and resources to help you - Identify your target market - Narrow down and establish your crystal clear criteria - Analyze boutique hotel tools (along with the free analyzer tool) - Find boutique hotel deals - both on and off the market Are you ready to scale your STR business and jump to the next level with boutique hotels? I will reveal the power of boutique hotels and how they can help you scale your STR business by finding the best deals and learning how to properly analyze them.
1. How to Underwrite a Boutique Hotel
This session will walk through analyzing an example dealĀ and taking the information from the broker's Offering Memorandum (OM)Ā and inputting into your spreadsheet.
2.Ā How to Find ADR and Occupancy Projections when Analyzing a Deal
This session will break down how to find ADR and occupancy projections using AirDNA and hotel data to get accurate projections for your pro forma.
3.Ā Establishing Your Crystal Clear Criteria and Expanding it With Zoning Research
You never find anything if you don't know what you're looking for. This model is about establishing your target criteria so that you can easily screen out deals that don't fit. Then you'll find out how to expand that criteria to screen more deals.
4.Ā Building Your Funnel and Finding Deals
We talked about building your criteria and analyzing deals. And now you're ready to learn how to build your deal funnel and getting leads in the funnel to analyze, offer on, and eventually close.
