17min chapter

The Rich Somers Report cover image

Another Boutique Hotel Closed | Saturday Edition E171

The Rich Somers Report

CHAPTER

Navigating Challenges in Boutique Hotel Acquisitions

The chapter discusses the recent successful acquisitions of a 24 unit hotel in California and a 44 unit waterfront hotel in Sonoma Coast, highlighting the challenges faced during the acquisition process such as water damage, negotiating seller credits, and dealing with unexpected liens. The speaker underscores the importance of perseverance and commitment in real estate investing, emphasizing the effort required to overcome obstacles and close commercial deals.

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