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The Rich Somers Report

How a $20K Investment Built a $7M Micro-Resort | Issac French E249

Oct 1, 2024
Isaac French, a former accountant turned hospitality entrepreneur, created Live Oak Lake, a luxury micro-resort in Waco, Texas, transforming a $20k investment into a $7M success. He shares his journey of using social media to attract guests and the importance of creating memorable experiences. Isaac discusses innovative features like a shipping container pool that boosted profitability. He also explores crowdfunding strategies that helped launch new projects, emphasizing the need for branding and unique offerings in the evolving hospitality industry.
01:08:32

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Podcast summary created with Snipd AI

Quick takeaways

  • Isaac French transformed a $20K investment into a $7M micro-resort by focusing on unique experiences and engaging design.
  • Strategic use of social media, particularly Instagram, has been crucial in boosting Live Oak Lake's visibility and direct bookings.

Deep dives

Free Training Opportunity for Boutique Hotel Investing

A free two-day training session on boutique hotel investment is available, designed to help participants understand how to navigate tighter Airbnb regulations and capitalize on demographic shifts like the retiring baby boomer population. The training is scheduled for February 8th and 9th, emphasizing the importance of unique stays as viable investments in the current hospitality landscape. Future investors are encouraged to visit hotelinvesting.com/podcast to reserve their spot. Taking advantage of these educational opportunities can provide significant insights and strategies for success in the boutique hotel market.

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