The Rich Somers Report

A 30 Year Hotel Broker Shares His Boutique Hotel Playbook and Why! | Oliver Shah E442

14 snips
Dec 27, 2025
Oliver Shah, Vice President at Atlas Hospitality, brings over 30 years of insight into California's boutique hotel scene. He highlights why experience is crucial in navigating the complexities of hotel brokerage and investment. The discussion covers the appeal of boutique hotels, the impact of shifting travel trends, and the importance of location over branding. Oliver also emphasizes common investor pitfalls, the significance of operational discipline, and the unique resilience of distinctive properties during economic downturns.
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INSIGHT

Boutiques Win With Unique Experiences

  • Boutique hotels attract modern travelers who prefer unique, Instagrammable experiences over large branded chains.
  • Oliver Shah highlights scale makes boutiques easier to manage and more attractive in supply-constrained coastal markets.
ADVICE

Buy Trophy Dirt In Supply-Constrained Markets

  • Target well-located, supply-constrained coastal assets to build long-term value and liquidity for sub-$10M buyers.
  • Rich Somers recommends buying great dirt and letting time and inflation do the heavy lifting.
ANECDOTE

Laguna Hotel's Multi-Stage Value Growth

  • Oliver Shah recounts selling the same 22-room Laguna Beach hotel multiple times over 30 years as its value rose dramatically.
  • The property sold for 2.2, then 4.4, then ~8, and today may be worth about 15 million.
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