The Hotel Investor Playbook How to Source, Underwrite, and Purchase Your First Boutique Hotel | Gideon Spencer E5
Nov 12, 2024
Gideon Spencer, Principal of Stonemont Capital, made waves by purchasing a $6 million hotel at just 32. He shares his journey from a fourplex to boutique hotel ownership, offering insights on market research and capital-raising strategies. Gideon emphasizes the power of building broker relationships and overcoming self-limiting beliefs in the investment landscape. He also discusses the nuances of investing in secondary markets and the effective use of Letters of Intent to enhance negotiation outcomes. Tune in for his motivational advice on scaling investments!
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Call Hotel Operators for Data
- Call hotel owners directly to get accurate financial info and validate market data.
- Hotel operators are often friendly and willing to share insights if approached sincerely.
Financials from Competitor Operator
- Gideon obtained detailed financials from a hostel operator in New Zealand via WhatsApp call.
- Direct, genuine communication can break down barriers even with competitors.
Choose Secondary Markets Near Metros
- Target secondary travel markets near major metros for better recession resistance and less competition.
- Validate market resilience during downturns by reviewing historical performance data.
