How to Win with Experiential Boutique Hotels & Micro Resorts in the Modern Traveler Era | Ben Wolff E273

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 26 November 2024

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ready to dive into the world of experiential boutique hotels and micro-resorts? Ben Wolff, Co-founder of Onera and Oasi, a leader in creating transformative hospitality experiences, shares his expertise on why these types of properties are revolutionizing the travel and investment landscape.Ben talks about how the demand for experiential stays is reshaping the hospitality industry, why smaller, immersive properties are surpassing traditional hotels, and the key factors for successful projects...

Transcript

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0:00.0	So the only way to win I think today in STRs is creating a truly unique stay.
0:04.4	What I say, you know, one of one, which sounds like similar to what your Scottsdale property is.
0:09.2	The people that are winning are just super pushing the envelope of unique amenities, unique design, you know, amazing style property and architecture.
0:17.9	One of the reasons I like hotels is because I feel like if you have
0:22.9	an even slightly larger number of keys and ideally, you know, 25, 30 plus keys, then you can do
0:30.0	these amazing amenities and this amazing design and these amazing communal spaces. And that cost is
0:34.8	spread across all of the units.
0:41.7	Welcome to the Rich Summers Report where we talk real estate, business, and wealth building,
0:46.0	all while keeping it real. No fluff, no BS. I hope that you enjoy the show.
1:13.0	All right, guys, welcome to another episode of The Report. Today, we got some sunshine outside. We are in the middle of November and I don't know how, but Thanksgiving is upon us. And before we know, it's going to be Christmas, New Year's and it's going to be 2025. But I am really excited because I got a special guest today who's in from Austin. And I'm very excited because he does something similar to what I do in the hospitality states. He is an experiential
1:18.2	hotel developer and operator. He developed O'Nara Wemberley. He developed O'Nara Fredericksburg.
1:24.4	I got my man, Ben, welcome to the show. Thanks for having me on,
1:28.1	Rich. Pleasure to be here. Yeah, dude. Appreciate you coming out, man. You came out here with the,
1:32.4	actually the parents and one of your kids. With the kiddo. Yeah, I got a three-year-old who's obsessed
1:37.1	with animals. So I've been looking for an excuse to come to San Diego, go to the zoo with him, the safari park, the aquarium. So it was the perfect kind of two birds with
1:45.1	one stone. I love that. Dude, don't you guys have a good zoo out in Austin? It's decent. The San Antonio
1:49.7	Zoo is actually better. So we're members there. We drive that hour and I take him there, you know,
1:54.2	every few months. Dude, love that. And I'll tell you what, man, San Diego is probably the best, you know, for this time of year, one of the best weather cities in the country right now.
2:02.3	Without a doubt.
2:03.2	Yeah.
2:03.7	Okay.
2:04.0	So first question is first, man.
	...

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