Welcome to the Rich Strummers report where we talk real estate, business, and wealth building, all while keeping it real.

No fluff, no BS. I hope that you enjoy the show.

So it's not hard to get into the boutique hotel game if you have the right strategy.

Today, I'm going to be breaking down all the game and all the strategy for you to get into your first boutique hotel the right way.

My name is Rich Summers. I own and operate six boutique hotels and control $85 million of real

estate. And so the first thing I'll say is this, boutique hotels are zone commercial, not

residential. So unlike investing into a single-family

Airbnb, your boutique hotel is protected from the regulatory changes that could happen. So we saw

what happened in New York City. We saw what happened in San Francisco, Los Angeles. I live in San Diego

where they slash the Airbnb supply from 17,000 Airbnb listings to 5,500. And so by you

investing into a hotel, you have the hotel zoning, which actually protects you from the change

of regulation. As a matter of fact, it's actually going to bring more demand to your property

if the regulations were to change. Next up, it's easier to scale a boutique hotel because unlike investing into five

or maybe let's say eight single family Airbnbs, you know, that's going to be eight different

sets of property taxes. It's going to be eight different sets of mortgages, eight different sets

of utilities that you got to manage and eight sets of different guests checking in, checking out.

You know, we can buy a

boutique hotel with 10, maybe 20 rooms under one roof, and that's one set of property taxes.

It's one set of repair and maintenance. It's one set of guests checking out. It's a lot easier

to scale from that perspective. Next up, one of the biggest plays here that we can implement

when we go buy these boutique

hotels and we've implemented this strategy at a couple of them is we don't need an innkeeper

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