Updated over 2 years ago on . Most recent reply
Hotel, Motel, Lodges, Inns, RV Parks and other hospitality assets
I'm looking to connect with anyone who has purchased hotels, motels, Lodges, Inns, RV Parks, and other hospitality assets!
I currently run a 10-unit Airbnb Arbitrage portfolio in Phoenix, which is similar to running a small motel and I'm considering doing some hospitality acquisitions in 2023
I know BP is largely focused on residential real estate strategies, but I'm looking to learn more about hospitality real estate!
Please tag anyone that works in that space!
Most Popular Reply
Benjamin Aaker
Professional Services
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- Rental Property Investor
- Brandon, SD
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Hi Easton,
I own a 4 unit motel in a small town in South Dakota. We purchased it and did some major renovations - went from one shared bathroom for all 4 units to each having its own bathroom. We list the units on Airbnb and have done well catering to traveling nurses and construction workers. We have a 7 day minimum stay now. It seems we have been doing better by increasing the minimum stay.
I own a 4 unit motel in a small town in South Dakota. We purchased it and did some major renovations - went from one shared bathroom for all 4 units to each having its own bathroom. We list the units on Airbnb and have done well catering to traveling nurses and construction workers. We have a 7 day minimum stay now. It seems we have been doing better by increasing the minimum stay.