Revamping a Boutique Hotel : How We Bought Our Recent Hotel Deal in Just 37 Days & Plans to Optimize the Property | Alex Johnson (Saturday Edition) E323

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 22 March 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

How do you close a boutique hotel deal in just 37 days—and immediately increase its value? In this Saturday edition of The Rich Somers Report, Rich and Alex Johnson break down the recent acquisition of their latest boutique hotel in San Clemente, California. They walk through the full story, from off-market opportunity to closing, and share the operational playbook to optimize the property for cash flow and long-term appreciation. Rich and Alex discuss: How they sourced the deal through a b...

Transcript

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0:00.0	If you're thinking, you know, Batique Hotel investing and blah, blah, and maybe you're investing
0:04.0	in Airbnb's right now. I think the thing here, guys, is, you know, this phenomenon's
0:09.2	happening right now across the country. So if you're investing in Airbnb's and you listen to this
0:12.6	podcast, you're buying Airbnb's right now, unless you're playing in a space where you have
0:17.3	these larger properties that host 30 guests, I think that you're playing in a space that's, you know, a shrinking industry. And I really believe that with the tightening
0:26.6	Airbnb regs, everything is really going towards the boutique hotels. I really think that there's
0:31.1	a huge opportunity in front of us. I really think that the tens of thousands of Airbnb investors out
0:35.8	there are looking for that next thing.
0:42.0	And I really feel that in three years time, four years time, five years time, it's going to be that next thing.
0:48.0	Welcome to the Rich Strummers Report where we talk real estate, business, and wealth building, all while keeping it real.
0:49.8	No fluff, no BS.
0:51.2	I hope that you enjoy the show.
1:01.5	All right, guys, welcome to another episode of The Report Saturday edition, and I got my favorite, favorite all-time co-host.
1:03.8	I got Miss Alex Johnson.
1:06.8	Alex, welcome to the show.
1:07.9	Thank you so much.
1:09.0	How's it going?
1:10.2	It's going really, really good.
1:11.8	We're coming off of an exciting, exciting closing.
1:14.6	We acquired another boutique hotel last Friday.
1:18.1	Super excited.
1:18.8	A huge shout out to our investors, by the way, who came through.
	...

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