How I Bought My First Boutique Hotel and Where I See Opportunity Over the Next 18 Months | E6
The Rich Somers Report
Strategic Hotel Acquisitions and Renovations
Exploring the operational model of managing hotels remotely, this chapter discusses acquiring hotels at a discount for value addition through renovations and operational improvements, focusing on beachfront hotels and properties in higher growth markets. The speaker delves into specific acquisition examples and renovation plans, emphasizing the importance of creativity and the potential long-term value increase of the properties.
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