Best of 2024: Selling a Micro-Hotel for $1M per Key - Isaac French - Founder of Experiential Hospitality
Masters of Moments
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Financial Insights from Live Oak Lake
This chapter explores the financial journey of a micro-hotel called Live Oak Lake, detailing its $2.3 million investment, impressive first-year earnings, and a successful sale at $7 million. The discussion covers crucial aspects such as branding, cash flow management, and the nuances of appraisals within the hospitality sector. By analyzing pricing strategies and operational efficiencies, the chapter highlights the unique advantages of micro-hotels compared to traditional hotel models.
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