WIIRE 167: How to Buy a Boutique Hotel with Blake Dailey

In this episode, Blake Dailey shares his incredible journey from starting with short-term rentals to acquiring and managing boutique hotels. What began with a VA loan and single-unit investments soon evolved into a full-scale hospitality business driven by profitability and a passion for creating unique guest experiences.

Blake dives into the challenges and successes of transitioning from traditional rentals to boutique hotels, highlighting key lessons from his first hotel deal. He emphasizes the importance of building a strong team, hiring to relieve administrative burdens, and understanding guest expectations to ensure a seamless experience.

The conversation also explores the differences between boutique hotels and motels, as well as the complexities of selling multifamily properties and refinancing motels.

For those considering the boutique hotel space, Blake underscores the importance of community support and connecting with experienced investors. With plenty of room for growth and innovation in the boutique motel market, now may be the perfect time to explore this exciting niche in real estate.

Get the details on Blake’s community or follow him on Instagram to see what he’s up to next. Thank you for tuning in, friends!

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