How a $800K Distressed Motel Became a $2.4M Revenue Machine | Michael Russell E87
About this episode
Michael Russell shares his journey of transforming a distressed motel into a successful hostel.
Most people walk past the ugly deal. That's exactly why the ugly deal is where the money is. In this episode, Michael Russell sits in the hot seat as a guest on the Lights On Podcast, sharing the unfiltered story behind how he acquired a rundown one-star motel in Maui during COVID and repositioned it into the number one small hostel in North America, growing annual revenue from $500K to $2.4 million in just a few years. Co-founder of Howzit Hostels and Malama Capital, Michael has built a hosp...
People in this episode
Guest: Michael Russell
Topics covered
- real estate investing
- motel acquisition
- business transformation
- hospitality industry
- COVID impact
Keywords
- motel
- revenue growth
- hospitality
- investment
- COVID
- business strategy
- real estate
Mentioned in this episode
Organizations: Howzit Hostels, Malama Capital
Places: North America, Maui
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- The $0-Down Hotel Deal That Still Cost $1.5 Million | Christian Osgood E85
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