On today's episode we are joined by Kevin Reardon, a successful hotelier and business owner, to discuss the journey from short-term rentals to hotel ownership. Kevin shares his story of starting in real estate and progressing to the hospitality industry. His wealth of experience allowed him to develop effective strategies for branding, marketing, and hotel operation. Kevin reveals lessons learned, like the importance of a comprehensive and aligned brand identity, the secret to attracting desired customers and reducing acquisition costs, and optimizing the conversion funnel for improved bookings. Another essential point Kevin touches on is the significance of having a robust team, effective systems, and a thorough self-development plan to create a successful business and a life of financial freedom.

Kevin Reardon's Bio

Former Wall Street Attorney turned successful Hotelier, Kevin started in short-term rental real estate in 2005. Kevin managed short-term rentals for 15 years as a side hustle. After leaving Wall Street and going all-in on himself and hospitality, he’s completely re-created multiple motels into gorgeous and incredibly successful independent hotels. In 2023, he exited one of his properties for a multi-million dollar profit. Now, he coaches independent hotel owners across the country on how to start, build, and grow their hotels.

Connect with Kevin

www.instagram.com/kevinreardon

00:01 Introduction and Welcome

00:21 The Importance of Due Diligence in Hotel Investment

00:58 Guest Introduction: Kevin Reardon

01:50 Kevin's Journey into the Hospitality Space

02:28 The Impact of the Great Recession on Kevin's Career

03:04 The Evolution of Short Term Rentals and the Rise of Airbnb

06:01 Kevin's Transition from Attorney to Hotel Owner

06:51 Acquiring the First Motel: A Creative Approach

10:48 The Power of Seller Financing in Hotel Acquisition

14:45 The Success of the First Motel and Expansion into More Hotels

19:32 The Launch of Hotel Accelerator

21:19 The Impact of the Hotel Industry on Personal Fulfillment

22:41 The Power of Self Development and Vision

23:17 The Reality of Owning Multiple Hotels

24:20 The Importance of Building an Effective Team

25:05 The Role of Leadership in Business Success

25:59 The Complexity of Running a Hotel Business

27:31 The Art of Branding and Marketing in the Hotel Industry

30:46 The Importance of Creating a Holistic Brand Identity

31:51 The Power of Digital Media in Hotel Marketing

37:15 The Art of Converting Attention into Bookings

41:57 The Value of Community and Mentorship in the Hotel Industry

Connect with the Hosts

Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin

https://linktr.ee/mikesjogren

Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin

Watch Mike's free masterclass training on www.strsecrets.com/masterclass

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