An STR operator's $4 million bet on building a boutique hotel in Colombia | Tim Hubbard E76
About this episode
Tim Hubbard discusses the complexities and costs of building a boutique hotel in Colombia.
What does it actually cost to build a boutique hotel from scratch in a foreign country? More than you think, and not just financially. A short-term rental operator running 220+ properties across 40 cities is now three years into building a 20-unit boutique resort in Medellin, Colombia. No bank financing. A licensing process that restarted from zero. And a price tag is climbing toward $4.5 million. Tim Hubbard joins the show to walk through every layer of this project with total transparency. ...
People in this episode
Host: Michael Russell
Guest: Tim Hubbard
Topics covered
- boutique hotel
- real estate investment
- short-term rentals
- construction costs
- international business
Keywords
- boutique hotel
- Medellin
- construction
- investment
- short-term rental
Mentioned in this episode
Places: Colombia, Medellin
More episodes of The Hotel Investor Playbook
- The Hotel-to-Apartment Strategy That Turned $8.5M Into $18.9M in 19 Months | Ryan Sudeck E78
- What a $75M Commercial Investor Wished He Knew Before Opening His First Boutique Hotel | Tyler Cauble E77
- Under $1.5M in Revenue? You Don't Own a Business, You Own a Job | Greg Emmert E75
- The Revenue Expert Managing $125M Says You're Leaving 40% on the Table | Jasper Ribbers E74
- What Hotel Investors Can Steal From a Land Investor Who's Done 400 Deals | Brent Bowers E73
- An Overlooked Strategy That Makes $7M Hotel Deals Actually Pencil | Ben Wolff E72
Explore listener stats, chart rankings, contacts and more on the The Hotel Investor Playbook podcast page.