In this episode of the Property Profits Podcast, host Dave Dubeau sits down with Jonathan Twombly, a seasoned real estate investor who made the leap from multifamily housing to boutique hotels. Broadcasting from New York City, Jonathan shares the story behind his shift into the hospitality space and breaks down how he’s generating returns by reviving tired, underutilized hotel assets in prime locations.
From spotting rundown roadside inns to managing major renovations, Jonathan walks us through the numbers and the strategy behind his most exciting deal — including how he bought a 37-key property for under $2M, spent $1.5M on renovations, and saw a broker opinion of value come in at $6M post-reno.
You’ll hear:
Why location trumps branding when it comes to boutique hotels
How operational inefficiencies in mom-and-pop hotels create opportunity
The pros and cons of hospitality vs. multifamily investing
A boots-on-the-ground look at managing hotel renovations, on-site crews, and seasonal cycles
How Jonathan uses direct-to-seller strategies to uncover his next big project
- Get Interviewed on the Show! - ================================== Are you a real estate investor with some 'tales from the trenches' you'd like to share with our audience? Want to get great exposure and be seen as a bonafide real estate pro by your friends? Would you like to inspire other people to take action with real estate investing? Then we'd love to interview you! Find out more and pick the date here: http://daveinterviewsyou.com/