2min chapter

My First Million cover image

#127 with Nick Huber - Building a $10m Self-Storage Business and the Opportunities in "Sweaty Startups"

My First Million

CHAPTER

Hotels Are Valued Out of Hotels

A hotel has to staff 24 hours a day there. You can save 70% of that when you're in boutique or small motels or hotels, somebody's going to make a lot of money doing that. A lot of people are able to convert these kind of like distressed or just sort of like misused properties and use them as Airbnb's. In a small town, America has a ton of 10, 20, 30 bed hotels that are ran by families that the next generation is not going to want to take over.

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