Traditional and Boutique Hotel Investments

[Mat Garcia]

I see the latest Real Estate Rookie episode is about investing in hotels, but I don't see a recent hotel thread on here...

So what's the scoop on this? This seems like potential massive cash flow. But how would one go about this? Anybody in this field? 

[Nathan Bisson]

Hey @Mat Garcia, we manage a small STR portfolio (around 20 units) and also own a boutique hotel (around 21 units).

The number of units in your hotel can be a great multiplier for success, or failure. I would say there is a spectrum of systems usage in managing STR's.

You can get by with minimal systems and lot of attention paid when managing 1-2 STR's.

However, operating a small hotel successfully is all about systems, policies and procedures. Especially as you are starting to manage more personnel, guests, etc…

I would advocate for purchasing a hotel as long as you have a knowledgable operating team to partner with you.