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The ONLY Way to Make Your Boutique Hotel Profitable
Manage episode 432008013 series 3588679
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Today, I sit down with Shawn, a seasoned investor to, about the importance of creating unique experiences in the hospitality industry, providing exceptional and distinctive experiences, challenges and opportunities in scaling such projects, highlighting the need for strong fundamentals and effective management.
From reading real estate books at the public library to cashing his first wholesale check right out of college, Shawn has always been interested in finding the best opportunities in real estate. His desire to learn and achieve the best led him to seek great coaching from mentors and to be a good student. In his 22 years in the industry, Shawn has flipped homes, built a portfolio of long term rentals, attained land development deals, sold high-end luxury resort properties, and now leads the #1 short term rental education company and mastermind group in the world.
Shawn purchased his first vacation rental in 2006 and has not looked back since. The Vodyssey collective portfolio is currently over 1000 properties across the US and includes several international markets as well. He and his team analyze more than 100 properties in various markets across the US and around the world each month; while advising Vodyssey Empire Club mastermind members on each phase of short term rental success. Vodyssey’s goal is to create Lifestyle & Financial Freedom by assisting new and experienced vacation home investors master Acquisition, Management, & Marketing of “Lifestyle Assets.”
00:00 - Creating a Unique Experience
05:08 - Pros and Cons of Cluster Properties
11:28 - Them-ing Your Boutique Hotel
14:25 - What It Takes to Scale
17:44 - What Private Equity Looks For When Buying Your Project
23:54 - The ONLY Way to Overcome an Oversaturated Market
30:17 - Why You Should or Shouldn't Get Into This Space
www.RadicalHospitalityShow.com
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