EP438 Investing In Boutique Hotels and Resorts with Jeremy Garcia and Alex Jarbo

We recorded this exciting panel on boutique hotels and resorts at the recent 2024 Midwest Real Estate Investor Conference.

As the host of this podcast, Brian Hamrick doesn't often have the opportunity to discuss his own investments. But today he sits down with two of his partners to share how they've been applying the short-term rental model to recent acquisitions of a boutique hotel and several resorts, along with the challenges faced, and the strategies employed to find success.

Jeremy Garcia and his wife Melanie own quite a few vacation rentals in Muskegon Michigan, and several years ago we partnered on building out an 8-unit boutique hotel in downtown Muskegon. We also acquired a 7-cabin, 3-house resort in North Muskegon with beautiful Lake Michigan frontage.

And we've started our own short-term rental property management company called DreamStay – go to www.bookdreamstay.com

Alex Jarbo lives in Asheville, North Carolina and is a writer on short-term rentals for Bigger Pockets.

Several years ago, Alex was on the Rental Property Owner & Real Estate Investor podcast talking about his short-term rental A-frames. Brian and Alex kept in touch after recording that episode, and in 2022 Alex got an amazing resort under contract just outside of Asheville with six cabins and a 6-bed, 6-bath Victorian house on 11 acres that can also serve as an event location for weddings and other gatherings.

You can check that property out at www.engadineInn.com.

Find out more:

www.bookdreamstay.com

www.engadineinn.com

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.

https://www.rcbassociatesllc.com