All Forum Posts by: Blake Dailey

@Blake Dailey - Good stuff!  How long is the LP investor hold?  I have a similar product in NE GA, turnkey, going in 9 cap.  Needs an owner-operator to manage.  Rustic with lodges/cabins/restaurant, 117 acres.  $12.5M.

Congrats @Blake Dailey!!! I sent you a connection request. Looking forward to seeing the project updates. 

Quote from @Blake Dailey:

So excited to announce to the community that as of last month, I acquired my largest deal to date which is a 130-Unit Hotel and Resort in the Smoky Mountains of Tennessee! I'll include all details below.

THE LOCATION: The hotel is conveniently located in the breathtaking Smoky Mountains, just minutes away from the Great Smoky Mountain NP entrance. And it doesn’t end in closing the deal; it's the beginning of an extraordinary transformation to come with a full renovation and redesign!

THE VISION: With 130 units and 8 buildings plus a wedding and event venue, our vision includes revamping this space into a dream hotel. Picture this: 3 pools and hot tubs, a dynamic game room, a versatile venue, pickle-ball courts, outdoor theater, mini-golf, and more. We are going to create a vibrant experience for our Guests!

THE NUMBERS: With a purchase price of $7M, my Investors and I put down $2.7M as the down payment on the property. With our vision mentioned above, we're allocating a whopping $3M into the complete renovation, re-brand and makeover of the hotel.

THE INVESTOR: For those of you who don't know me, I'm Blake Dailey and this is my 6th Boutique Hotel investment! My first purchase was back in 2021 with a small little 8-unit Boutique Hotel in Florida. Since then, I've documented the process as a Boutique Hotel investor and have a deep commitment to sharing my knowledge around Boutique Hotel Investing with others who are looking for a path to financial freedom, and Boutique Hotels is the best path to get there in my personal opinion. Let's connect!

 Wow this is very inspirational. Can you share how the deal is structured, how you got the investors on board and a more about the financials ? This is for sure an interesting journey. 

Congrats on this sick deal! Your journey since 2021 seems bonkers!

Hotels and hospitality are a super interesting sector to me. I would love to eventually look more into hotels and perhaps the restaurant industry. I like starting small so maybe a food truck in 10 or so years :)

I'm currently looking for investors to do what you did except focusing on commercial residential property in Kansas City. How did you first start working with investors to allow you to raise ~$1-2M?

Would you have time to speak with me? I am new to this and I would like to benefit from your experience please.

@Blake Dailey That is amazing!!!

I am looking to get my first one in the mountains of Colorado here! 

What kind of resources do you recommend for finding a good first choice?

Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective? Best of luck, would love to stay there if ever passing through again.