BiggerPockets Daily Is Investing in Hotels a Better Move Than Scaling Short-Term Rentals?
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Dec 21, 2024 Discover the intriguing battle between short-term rentals and hotel investments. The podcast unpacks the pre- and post-pandemic dynamics that reshaped the hospitality landscape. Learn about the surge in vacation homes and the initial excitement for STRs that led to market saturation. Delve into a case study of a thriving hotel owner and explore the promising future of extended stay hotels. The discussion also reveals changing traveler preferences and their impact on investment strategies in the evolving hospitality sector.
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STRs vs. Hotels: A Shifting Landscape
- Short-term rentals (STRs) initially disrupted the hotel industry, leading to market saturation and regulatory changes.
- Both STRs and hotels are now expected to experience stable growth in the coming years.
Weighing the Options
- Consider the pros and cons of both STRs and hotels before investing.
- STRs offer flexibility but can be management-intensive, while hotels can offer higher cash flow but require significant capital.
From Super 8 to Hotel Magnate
- An Indian immigrant started working at his uncle's Super 8 hotel in 1995, performing menial tasks.
- Through hard work, saving, and smart financial decisions, he now owns ten hotels.