Truvi (previously Superhog)’s Post

Buying a boutique hotel is a whole different beast compared to single-family properties. 🏨 In our latest episode of The Hospitality Edge, Kerri Gibson, CEO & Co-Founder of Chalets Hygge, shares her experience on this unique process. 💡 Key Differences: 1. EVALUATION METRICS: Boutique hotels are evaluated based on net operating income, while single-family homes are typically valued by the land and building. 2. DUE DILIGENCE: The due diligence process for a hotel involves engaging specialized commercial lawyers and conducting thorough, multi-day building inspections. 3. FINANCIAL INVESTMENTS: Investing in boutique hotels often requires a larger financial commitment but can lead to faster cash flow compared to single-family homes. 4. REGULATORY AND UTILITY CHECKS: Hotels require extensive checks on utilities, electrical systems, and tax compliance to ensure they can handle operational loads. Kerri's journey highlights the importance of understanding these differences and being prepared for the complexities involved. Catch the full episode for a deep dive into the world of boutique hotel investments. 🎧 🎥 YouTube: https://bit.ly/4cgWURa 🎧 Spotify: https://bit.ly/3zqbBTh 🍏 Apple Podcast: https://apple.co/4czD2bH 🔗 Other platforms: https://bit.ly/47j0fgg #RealEstateInvesting #BoutiqueHotels #CommercialRealEstate #Hospitality #TheHospitalityEdge

Buying a boutique hotel is a whole different beast compared to single-family properties. 🏨 In our latest episode of The Hospitality Edge, Kerri Gibson, CEO & Co-Founder of Chalets Hygge, shares her experience on this unique process. 💡 Key Differences: 1. EVALUATION METRICS: Boutique hotels are evaluated based on net operating income, while single-family homes are typically valued by the land and building. 2. DUE DILIGENCE: The due diligence process for a hotel involves engaging specialized commercial lawyers and conducting thorough, multi-day building inspections. 3. FINANCIAL INVESTMENTS: Investing in boutique hotels often requires a larger financial commitment but can lead to faster cash flow compared to single-family homes. 4. REGULATORY AND UTILITY CHECKS: Hotels require extensive checks on utilities, electrical systems, and tax compliance to ensure they can handle operational loads. Kerri's journey highlights the importance of understanding these differences and being prepared for the complexities involved. Catch the full episode for a deep dive into the world of boutique hotel investments. 🎧 🎥 YouTube: https://bit.ly/4cgWURa 🎧 Spotify: https://bit.ly/3zqbBTh 🍏 Apple Podcast: https://apple.co/4czD2bH 🔗 Other platforms: https://bit.ly/47j0fgg #RealEstateInvesting #BoutiqueHotels #CommercialRealEstate #Hospitality #TheHospitalityEdge

Build new revenue streams with the Cross-Sellable Properties feature! With our revolutionary Cross-Sellable Properties feature, you can maximize your earnings while reducing unneeded space. By listing your property on multiple platforms, you may cater to a variety of needs and provide flexible booking options. This improves booking possibilities, ensuring that each space is appropriately promoted. #propertymanagement #hospitality #hoteltech #revenue

Episode 39 is now LIVE! Today, I’m thrilled to welcome short-term rental guru Michael Sjogren to the program. Mike owns over 80 short-term rentals, two boutique hotels, and runs Short Term Rental Secrets, a program that teaches current and aspiring real estate investors how to build six and seven-figure businesses through short-term rentals and Airbnb. In today's episode, we dive into Mike's journey from a humble CPA in 2016 to a real estate powerhouse just eight years later. Three "Gould Nuggets" 🤓 from this episode… 1️⃣ From CPA to Real Estate Mogul: Mike kicks off the episode by sharing his inspiring journey from starting as a CPA to building a massive portfolio of short-term rentals and boutique hotels. This segment is a testament to how strategic vision and relentless execution can propel anyone to extraordinary heights in the real estate world. 2️⃣ Marketing and Sales Mastery: Dive deeper as Mike reveals the marketing and sales strategies that have driven both high occupancy and rate for his properties. His approach to maximizing revenue through effective marketing is a masterclass for anyone in the short-term rental or hotel business looking to enhance their profitability. 3️⃣ STR vs. Hotels Debate: We wrap up by discussing the ongoing debate between short-term rentals and hotels. Mike shares insights on navigating the pressures facing Airbnb and the broader short-term rental market. He emphasizes the importance of creating unique guest experiences and shares tactics to insulate properties from industry changes, ensuring sustained success. 🔥🔥🔥 This episode is packed with actionable insights and strategies... Mike’s rapid ascent in the industry is nothing short of impressive, and his knowledge is a treasure trove for anyone looking to thrive in short-term rentals or boutique hotels. 🔗 Video and Audio links in comments 👇🏽👇🏽👇🏽 #realestateinvesting #shorttermrentals #investmentstrategies #MichaelSjogren

“Since implementing Duetto’s GameChanger and ScoreBoard, we’ve seen an increase in occupancy, thanks to our ability to make quick pricing adjustments based on real-time data.” By leveraging real-time data and insights, Casa Dorada Los Cabos, Resort & Spa was able to optimize pricing, track key metrics like ADR, occupancy, and RevPAR, and quickly adapt to market shifts. 📊 Read the full story here: https://hubs.li/Q02_BVCL0 #RevenueManagement #HotelTech #DynamicPricing #SuccessStory

🌟 Are you fully utilizing your property's potential? 🌟 According to a recent article by PhocusWire with changing guest expectations, it's essential to redefine key metrics such as occupancy. Defining occupancy merely as the percentage of rooms booked for overnight stays restricts potential. Today, true occupancy is better understood as optimizing the utility and profitability of every space within your property, ensuring they are used as much as possible. 📈 At Triparound we believe that hospitality businesses should take it a step further and leverage untapped revenue streams. Apart from optimizing room rates and maximizing room use, think about increasing revenue from extra services. Remember that today's guests expect an immaculate room, however you'll achieve the 'wow' factor by providing exceptional experiences and a seamless booking journey. ✨ Want to learn how Triparound can help you on this journey? Let's chat: https://hubs.li/Q02PrwQx0 https://hubs.li/Q02PrwzF0 #Triparound #TriparoundEffect #Hospitality #GuestServices #ConciergeServices #TravelTech

Ever thought an upgrade is just a room change? Think again. In today’s world, truly understanding what guests want from their stay is key—not just offering them a higher room category. Happy Friday, everyone! Here’s to smarter upgrades with dynamic inventory that really get what our guests need. 🗝️ #DynamicInventory #HotelInnovation #HotelTech #AttributeBasedSelling #RoomInventory #RoomPersonalization #HotelGuests

With Carefreebnb, every booking, every guest interaction, every upgrade to your property brings you one step closer to that future you’ve envisioned. 🔑💼 #FinancialFreedom #SmartInvesting #ShortTermRentals #PropertyOwnerLife #GrowthMindset #BuildingSuccess #RealEstateJourney

Personalization at its best! It's worth listening to Martin's interview where he talks about his vision of Place Value Hotelmanagement GmbH and how GauVendi is allowing them to achieve the personalization their guests demand!

The Real Deal in Short-Term Rentals: 5 Key Reasons We're Leading the Market. Recent AirDNA data highlights crucial trends in the U.S. Short-term rental market, with listings expected to hit 1.75 million by 2025. While the market grows, our strategic approach sets us apart for 5 standout reasons: Balanced Market Growth We invest in markets with balanced, 5-year historical supply vs demand growth. Experiential Rentals that Outperform We lead the way in delivering high-end, experiential rentals that outpace typical market trends. Unique, One-of-a-Kind Amenities Our properties are equipped with unique, one-of-a-kind amenities that people love and pay top dollar for. 5-Step Design Process We create these experiences, by implementing our 5-step functional design process. WOW Guest Experience We deliver a WOW guest experience, through our vertically integrated property management team. This isn’t just about following trends—we're setting them. By focusing on exclusive, high-demand rentals, we don't just participate in market growth; we drive it. Invest in more than a property—invest in a lifestyle That continues to attract and awe as the market evolves. If you're a real estate investor who enjoys passive cash flow and lifestyle assets you can visit whenever you want, DM me “lifestyle” to discuss more! 💪 #ShortTermRentals #RealEstateInvestment #MarketTrends #AirDNA #STRInsights #PropertyInvestment