What does it take to turn underperforming properties into multimillion-dollar boutique hotel investments? In this episode of The Rich Somers Report, Rich joins Tim Hubbard on the Short Term Rental Riches podcast to share the journey of building a thriving hotel business from scratch. From cashing out his 401K to owning an $80M portfolio, Rich dives deep into the strategies that helped him scale with precision and purpose.
Rich breaks down:
- How boutique hotels differ from short-term rentals and why they’re a scalable investment model.
- The step-by-step approach to identifying underperforming assets and creating massive value.
- Leveraging seller financing and bridge loans to minimize upfront costs and maximize ROI.
- Why the next decade offers unprecedented opportunities with the largest wealth transfer in history.
Packed with actionable insights, this episode explores the mindset and strategies needed to succeed in boutique hotel investing—even in today’s market. Whether you're scaling from short-term rentals or starting fresh, this conversation delivers the blueprint for building wealth through hospitality.
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