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Updated 2 months ago on . Most recent reply

User Stats

295
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Blake Dailey
  • Investor
  • Ogden, UT
208
Votes |
295
Posts

I Bought A 130 Unit Hotel and Resort!!

Blake Dailey
  • Investor
  • Ogden, UT
Posted

So excited to announce to the community that as of last month, I acquired my largest deal to date which is a 130-Unit Hotel and Resort in the Smoky Mountains of Tennessee! I'll include all details below.

THE LOCATION: The hotel is conveniently located in the breathtaking Smoky Mountains, just minutes away from the Great Smoky Mountain NP entrance. And it doesn’t end in closing the deal; it's the beginning of an extraordinary transformation to come with a full renovation and redesign!

THE VISION: With 130 units and 8 buildings plus a wedding and event venue, our vision includes revamping this space into a dream hotel. Picture this: 3 pools and hot tubs, a dynamic game room, a versatile venue, pickle-ball courts, outdoor theater, mini-golf, and more. We are going to create a vibrant experience for our Guests!

THE NUMBERS: With a purchase price of $7M, my Investors and I put down $2.7M as the down payment on the property. With our vision mentioned above, we're allocating a whopping $3M into the complete renovation, re-brand and makeover of the hotel.

THE INVESTOR: For those of you who don't know me, I'm Blake Dailey and this is my 6th Boutique Hotel investment! My first purchase was back in 2021 with a small little 8-unit Boutique Hotel in Florida. Since then, I've documented the process as a Boutique Hotel investor and have a deep commitment to sharing my knowledge around Boutique Hotel Investing with others who are looking for a path to financial freedom, and Boutique Hotels is the best path to get there in my personal opinion. Let's connect!

Most Popular Reply

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1,742
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1,743
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Marc Rice
  • Real Estate Agent
  • Columbus, OH
1,743
Votes |
1,742
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Marc Rice
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Blake Dailey:

So excited to announce to the community that as of last month, I acquired my largest deal to date which is a 130-Unit Hotel and Resort in the Smoky Mountains of Tennessee! I'll include all details below.

THE LOCATION: The hotel is conveniently located in the breathtaking Smoky Mountains, just minutes away from the Great Smoky Mountain NP entrance. And it doesn’t end in closing the deal; it's the beginning of an extraordinary transformation to come with a full renovation and redesign!

THE VISION: With 130 units and 8 buildings plus a wedding and event venue, our vision includes revamping this space into a dream hotel. Picture this: 3 pools and hot tubs, a dynamic game room, a versatile venue, pickle-ball courts, outdoor theater, mini-golf, and more. We are going to create a vibrant experience for our Guests!

THE NUMBERS: With a purchase price of $7M, my Investors and I put down $2.7M as the down payment on the property. With our vision mentioned above, we're allocating a whopping $3M into the complete renovation, re-brand and makeover of the hotel.

THE INVESTOR: For those of you who don't know me, I'm Blake Dailey and this is my 6th Boutique Hotel investment! My first purchase was back in 2021 with a small little 8-unit Boutique Hotel in Florida. Since then, I've documented the process as a Boutique Hotel investor and have a deep commitment to sharing my knowledge around Boutique Hotel Investing with others who are looking for a path to financial freedom, and Boutique Hotels is the best path to get there in my personal opinion. Let's connect!

www.youtube.com/@BlakeDailey

www.instagram.com/BlakeJDailey


 Great stuff! My business partner and I are developing a 60 acre 15-unit glamping/wedding boutique resort in Asheville, NC right now and learning a lot along the way! Seems like 130 units is a beast to manage, I'd love to hear about your on-site management systems and "experience management" process to stand out amongst the fierce competition in the smokies.

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