In episode 8 of The Capital Connection Unplugged, Quentin West interviews Blake Dailey, an expert in boutique hotels and short-term rentals, as he shares his journey from Air Force officer to successful boutique hotel investor, discussing his strategies for acquiring and financing properties. They delve into the nuances of running boutique hotels, finding deals, and navigating commercial loans. 

Tune in to gain insights into managing a successful boutique hotel business.

TIMESTAMPS

[00:01:00] Starting a Boutique Hotel Career.

[00:04:23] Raising Money Through Opportunities.

[00:09:32] Finding Hotel Investment Deals.

[00:12:44] Analyzing Property Deals Effectively.

[00:15:32] Projecting Income Sources.

[00:17:36] Boutique Hotels as Promising Niche.

[00:20:10] Boutique Hotels on the Rise.

[00:23:29] Difficulties in Finding Lenders.

In this episode, Quentin West and Blake Dailey discuss how crucial it is to focus on adding value to the property and identifying overlooked opportunities. Blake stresses the importance of not just finding deals but creating them. Also. having the right strategies, market knowledge, and operational expertise, investing in boutique hotels can be a rewarding venture with the potential for significant financial gains.

QUOTES

• "If you make the mindset shift to, ‘I'm not asking for money, I'm presenting an opportunity.’ I'm giving these people an opportunity to invest in something they wouldn't otherwise have if it wasn't for my hard work. You know, the things I'm doing right now that you over-glorify what it is you're doing, but you just recognize you're providing value to that relationship." - Blake Dailey
• "Don't always take what's listed at face value. You have to look a little bit deeper at these deals, look at what's being missed by the other buyers, and find ways to make deals. You don't just find deals, you gotta find ways to make them." - Blake Dailey
• “The properties themselves are outdated and old and smelly and need renovation. So it's easy to step into those situations, clean it up, renovate it, put the listings out on Airbnb and the other OTAs. And we have it. We've at least doubled. the revenue at every single hotel.” - Blake Dailey

SOCIAL MEDIA LINKS

Quentin West

Instagram: https://www.instagram.com/qdealshomes/

Facebook: https://www.facebook.com/qdealshomes/

LinkedIn: https://www.linkedin.com/in/qdealshomes/

Blake Dailey

Instagram: https://www.instagram.com/blakejdailey/

Facebook: https://www.facebook.com/blake.dailey.963/

LinkedIn: https://www.linkedin.com/in/blakejdailey/

WEBSITE

Shortcut To Superhost: https://www.shortcuttosuperhost.com/

Blake Dailey: https://blakedailey.com/

Multifamily Journey: https://multifamilyjourney.com/