Developing a Boutique Hotel

[Wesley Sherow]

Hi Bigger Pockets Community! 

I am entering into an excellent deal renovating and redeveloping a historic boutique hotel in Albany, New York. I am looking for others who have done similar projects to chit-chat with and discuss strategy. I've done AirBnB's for many years, but this is my first jump into the formal hotel ownership space, and I'm wondering what pitfalls others have seen that I may avoid. 

This is a development from gut renovation, of a historic Victorian era property in the Capital Square region. You'll find a picture of it on my profile page. Some questions that come to mind: 

- Would you hire a full-time house manager for a 13-15 bedroom B&B?

- What economies of scale issues might I have to look out for by operating such a small hotel? 

- Would you treat this more like a large AirBnB, or like a small commercial hotel venture? 

Anybody who has done work in this space I would love to connect with to  learn more about it!