Short Term Rental Secrets Podcast Ep 209 - Boutique Hotel Con Recap
10 snips
Sep 30, 2024 A mindset of continual learning opens doors. Personal reflections from birthdays and travels lead into key insights from the Boutique Hotel Con, focusing on storytelling as a tool for raising capital. The importance of clarity in investment goals and setting manageable objectives is emphasized. Listeners are encouraged to confront limiting beliefs and embrace a supportive community to foster growth. Additionally, practical strategies for decision-making and maintaining accountability are discussed, making it a rich source for aspiring short-term rental entrepreneurs.
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Tell The Deal's Story First
- Start pitches with a story that zooms from macro trends down to the specific property to give investors context.
- Include team bios and explain why you and your team are the right people for this deal.
Team Over Tech For Hotels
- Blake Daly emphasized that the real secret to hotel success is building the right team and being a strong leader.
- Blake's operations focus helped him scale to six hotel deals including a 130-key resort project.
Get Crystal Clear On Your Buy Box
- Define a clear buy box: room count, geography, revenue targets, and value-add vs cash-flow needs.
- Use that clarity to make fast decisions because money favors speed.