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The Rich Somers Report

The Progress & Challenges of 2023 and What’s To Come In 2024 | Saturday Edition 126

The Rich Somers Report

Rich Somers

Business, Investing

5.01K Ratings

🗓️ 23 December 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

On today's "Saturday Edition" episode, Rich answers the top question of the week that was sent in by our listeners. Rich and Jennifer reflect on the last year of progress at Somers Capital and what’s to come in 2024. They then analyze what makes for launching a successful boutique hotel, being hospitable, automated management, and the biggest challenges of working in the boutique hotel space. If you have a question you'd like answered, please email info@somerscapital.com. Stay tuned e...

Transcript

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0:00.0

a lot of what we do really boils down to the operations, the staff, people friendly, the

0:07.5

reviews.

0:08.5

To me it's basic stuff.

0:09.7

To us it's really basic, but I'm just shocked that a lot of these properties out there in the boutique

0:13.7

hotel space 10 million and under, just not being optimized and not being ran correctly.

0:19.8

Welcome to the Rich Strummer's report where we talk real estate business and wealth building all while

0:24.1

keeping it real no fluff no BS I hope that you enjoy the show.

0:30.3

All right guys welcome to another episode of the report Saturday

0:36.2

edition and I got my co-host Miss Jennifer Booby Jennifer welcome to the show

0:40.8

happy to be here thanks for for having me, Rich.

0:43.0

Yeah, it's been, I think this is the third time you've been on the podcast now,

0:47.0

twice as a co-host on the Saturday edition,

0:49.0

and once with a full episode,

0:51.0

this is back probably six of a month ago yeah

0:53.8

third times the charm it's amazing yeah I love it I love it and we got Christmas

0:58.3

here in two days any big takeaways for the the year before we hit 2024?

1:04.0

Oh gosh, I feel like this year has been full of so much growth and excitement and like huge successes for the team,

1:10.0

I think especially with the two hotel deals that we got towards the end of the year

1:14.6

you know launching the one here in San Diego and then acquiring and launching in a quick

1:19.8

turnaround time the one up in Washington I feel like it's just been a very

1:23.2

Merry Christmas and all of our hard work and you know blood sweat and tears has

1:27.4

really come to fruition so yeah absolutely and it's like you know enjoy it but

...

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