Inspired Or Acquired Brett McManus - Building $1M Equity In 1 Year With Apres Inn
May 13, 2025
Brett McManus, owner of a motel and hotel in Killington, Vermont, shares his inspiring journey of renovating a dilapidated motel with his wife, Casey. They dive into the highs and lows of their renovations, the impressive value increase in just one year, and their ambitions to acquire another hotel. Brett discusses their tech startup, aimed at supporting independent hospitality businesses, while exploring the benefits of using SBA loans to finance such ventures. Their story offers a fresh, behind-the-scenes look at the challenges and triumphs of the hospitality industry.
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Motel Renovation Journey
- Brett McManus and his wife bought a rundown motel in Killington, Vermont and renovated it into a boutique motel.
- They did many renovations themselves and shared their journey on social media, increasing occupancy and revenue.
Value-Add Motel Investment
- Buying an old motel at $1.4 million with a 16 cap was a very good value.
- Renovation costs went over budget, showing the unpredictability in value-add projects.
Lean Staffing Strategy
- Keep the staffing lean by outsourcing housekeeping and linen services.
- This reduces overhead and avoids carrying employee costs during off seasons.