Nathan St. Cyr, a hospitality innovator, shares his inspiring journey of transforming an $821K hostel into a $5.2M powerhouse in just 18 months. He discusses the untapped potential of the U.S. hostel market and outlines strategies for optimizing guest experiences tailored to Gen Z. Nathan dives into the operational advantages and financial benefits of hostel investments, highlighting the importance of community and shared experiences in attracting modern travelers. His insights on zoning and scaling across markets reveal key opportunities for aspiring investors.
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Hostel Success Story
Nathan St. Cyr bought a Maui property for $821,000 and turned it into a top-ranked hostel.
Within 18 months, the property's value was appraised at $5.2 million with over $824K annual NOI expected.
insights INSIGHT
NOI Powers Property Value
Net Operating Income (NOI) drives commercial real estate valuation through the income approach.
Increasing NOI by boosting revenue or lowering expenses directly increases property equity and value.
question_answer ANECDOTE
Hostel Room and Bed Setup
Maui hostel has 75 beds distributed across 20 rooms with private rooms and shared dorms.
Rooms include private queen or family rooms plus mixed and female-only bunk bed dorms with varying rates.
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In 'The Genie Within,' Harry W. Carpenter provides a comprehensive guide to harnessing the power of the subconscious mind. The book explains how the subconscious works and offers practical techniques to reprogram it for achieving goals, enhancing creativity, relieving stress, and improving health. It emphasizes the importance of aligning the conscious and subconscious minds to achieve success.
Smarter Short-Term Rentals
to Build a Dynamic Real Estate Business and Out-Host the Competition
Avery Carl
Psycho-Cybernetics
Maxwell Maltz
Published in 1960, 'Psycho-Cybernetics' is a classic in the self-help genre. Maxwell Maltz, a plastic surgeon, developed this book based on his observations of patients whose inner attitudes and feelings remained unchanged despite successful surgery. He introduced the concept of 'self-image' and its profound impact on achieving personal goals. The book combines cognitive behavioral techniques with cybernetic principles to help individuals regulate their self-concept and achieve positive outcomes. Maltz's methods, including visualization, mental rehearsal, and relaxation, have been widely adopted by motivational gurus, sports psychologists, and self-help practitioners. The book emphasizes the importance of a positive self-image and the use of mental imagery to achieve success and happiness.
On this week’s episode, Avery is joined by Nathan St. Cyr, a hospitality innovator who’s redefining budget travel through upscale hostels. Nathan shares how he stumbled into the hostel space in Maui and turned a $821K property into a $5.2M valuation in just 18 months—all while achieving over $824K in annual NOI. He breaks down the operational and financial advantages of hostel investing, how he optimized guest experience for Gen Z travelers, and why U.S. hostel development is a wide-open market opportunity. Nathan also shares insights on zoning, daily guest programming, and his strategy for scaling across markets.
For more information on how to get into short term rentals, read Avery’s books:
Smarter Short Term Rentals - Buy it on Amazon Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties – Buy it on Amazon
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