Why Boutique Hotels are the Next Big Thing | Brad Lea’s Dropping Bombs Interview w/ Rich (Dec 2022) E28

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 9 March 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, Rich sits down for an interview with Brad Lea on his Dropping Bombs podcast. They talk about how Rich got his start in real estate investing, from his 11-year career as an air traffic controller to cashing out his 401k to buy his first deal. They dive into the business model & focus of Somers Capital – buying Boutique Hotels that are tired but well-located, fully renovating, re-branding & re-launching these properties, then managing the hotel with their in-house te...

Transcript

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0:00.0	Man I'm telling you right now but everyone's talking about recession this that and the other thing
0:03.3	brother's never been more opportunity. It's unbelievable.
0:05.9	And it's coming fast as hell. You better get busy as fast as humanly possible.
0:10.3	Yeah.
0:11.3	2023 dude.
0:12.3	24. 2025. Those are the three years you better be paying attention.
0:16.4	Yeah. Or you better be investing with someone like Rich Summers.
0:19.6	Yeah. You better be doing something. Yeah. Because you're sitting around with your hand on your deck ain't gonna get you nowhere.
0:26.0	Welcome to the Rich Drummers report where we talk real estate, business, and wealth building,
0:30.3	all while keeping it real. No fluff, no BS. I hope that you enjoy the show.
0:37.0	Today in the studio is like every other day where I've got a real treat for you.
0:44.4	Rich Summers in the house.
0:45.8	What's up, Rich?
0:46.8	My man, Brad.
0:47.8	Thank you so much for having me on the show, man.
0:49.0	Looking forward to this conversation today.
0:50.6	Absolutely.
0:51.6	If you guys don't know who he is, founder and CEO of Summer's Capital, basically used to be a government
0:56.2	worker.
0:57.2	Yeah, Air Traffic Control or 11 years, man.
0:58.8	Oh, is that what you were doing?
0:59.8	I was the guy looking at radar scopes controlling the skies.
	...

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