Seeking Advice in the Boutique Hotel realm

Seeking Advice in the Boutique Hotel realm

Member since 2024 · 2 posts · 0 votes

Hi, I’ve always had the urge to start a small to medium-sized boutique hotel somewhere in Thailand. I understand this would require a certain amount of required Thai investors - let’s put that on the back-burner for now. 
Curious if this is something any members at BP might be interested in hypothetically partnering on, if the details were properly ironed out? 

It seems like all these influencer-investors nowadays are talking about boutique hotels or trying to sell you into another one of their mentorship programs, which I’d rather not have to pay for …

So where do I start? 

I already want to live in Thailand - and getting approval for a foreign business could get me a proper visa. I have some liquid capitol on my end, and some friends (both American and Thai) who might be able to throw in more, so it’s not like I wouldn’t have skin in the game. I would need more investors regardless, but raising capitol isn’t impossible.

That being said, does anyone have any interest in something like this? Is it too far fetched?

 Thailand is a beautiful country and Bangkok has the most visited airport hub in the world - there will always be tourists; it’s a huge part of their GDP. 

To give you an idea of what opportunity exists out East: When I was in Thailand in 2019, the only way for tourists to get around, aside from public transport, was hire a driver for the day. The entire time I couldn’t help but think, “man they need Uber here!”  

Cut to me going back in February of 2022, a foreign investment company had introduced Grab (along with another drive-share company called Bolt) that took over Asia like wildfire. Point is, someone saw the opportunity and capitalized. And what I see in Thailand is nothing but opportunity. It’s also cheap real estate (for the most part). 

Years ago I read about an American guy who bought a small beach-front property for $10K USD and turned it into a boutique hotel dedicated to surfing - he did very well! 

So who’s to say we can’t do something similar?

 

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  • Stuart UdisPro Member
    Attorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
    1y

    @Wyatt Nauman "It seems like all these influencer-investors nowadays are talking about boutique hotels or trying to sell you into another one of their mentorship programs, which I’d rather not have to pay for …"

    Why on earth would you pursue an investment strategy influencers are peddling regardless of whether you have to pay for their misguided education?

    • Member since 2024 · 2 posts · 0 votes
      1y
      Quote from @Stuart Udis:

      @Wyatt Nauman "It seems like all these influencer-investors nowadays are talking about boutique hotels or trying to sell you into another one of their mentorship programs, which I’d rather not have to pay for …"

      Why on earth would you pursue an investment strategy influencers are peddling regardless of whether you have to pay for their misguided education?

      “Pursue” is the wrong word, friend. I posted because I have interest in it. There’s zero actual pursuit. The only thing close to a pursuit is the fact that I have lots of Thai friends and enjoy traveling to their country as frequently as I can…. 

      Through my own personal endeavors I found the influence to want to figure out how to invest in a foreign country, and posted about it on this forum. BiggerPockets is entirely BUILT from ppl who are ALL now influencers, whom you’ve obv pursued yourself - so I find it rather disheartening that you’d take the time to negatively respond rather than give a viable answer. 
      The people I follow who invest in the small boutique hotel market have been BP affiliates for a LONG TIME and both have been featured on BP’s podcasts and their BPCon, so if they’re “wrong” for investing in boutique hotels and suggesting ppl do the same, maybe BP shouldn’t feature these ppl on their podcasts or in their conferences so ppl like me don’t get “influenced” by what they’re “peddling”???
  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    1y
    Quote from @Wyatt Nauman:

    Hi, I’ve always had the urge to start a small to medium-sized boutique hotel somewhere in Thailand. I understand this would require a certain amount of required Thai investors - let’s put that on the back-burner for now. 
    Curious if this is something any members at BP might be interested in hypothetically partnering on, if the details were properly ironed out? 

    It seems like all these influencer-investors nowadays are talking about boutique hotels or trying to sell you into another one of their mentorship programs, which I’d rather not have to pay for …

    So where do I start? 

    I already want to live in Thailand - and getting approval for a foreign business could get me a proper visa. I have some liquid capitol on my end, and some friends (both American and Thai) who might be able to throw in more, so it’s not like I wouldn’t have skin in the game. I would need more investors regardless, but raising capitol isn’t impossible.

    That being said, does anyone have any interest in something like this? Is it too far fetched?

     Thailand is a beautiful country and Bangkok has the most visited airport hub in the world - there will always be tourists; it’s a huge part of their GDP. 

    To give you an idea of what opportunity exists out East: When I was in Thailand in 2019, the only way for tourists to get around, aside from public transport, was hire a driver for the day. The entire time I couldn’t help but think, “man they need Uber here!”  

    Cut to me going back in February of 2022, a foreign investment company had introduced Grab (along with another drive-share company called Bolt) that took over Asia like wildfire. Point is, someone saw the opportunity and capitalized. And what I see in Thailand is nothing but opportunity. It’s also cheap real estate (for the most part). 

    Years ago I read about an American guy who bought a small beach-front property for $10K USD and turned it into a boutique hotel dedicated to surfing - he did very well! 

    So who’s to say we can’t do something similar?

     

    It would require someone very experienced in this niche with a track record of success to have any hope of attracting professional investors.  Go ahead and move to Thailand, work for a hotel developer, gain the knowledge and experience you need, and then see about starting up a hotel.  You don’t know what you don’t know. 
    Private Mortgage Financing Partners, LLC
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