Poconos Boutique Hotel Renovation Project

[Mike Eichler]

Hello BP, 

I'm beyond excited to share with you how the renovations are going at my team's 43 Unit Resort in the Pocono Mountains in  Pennsylvania.  Here is a little backstory on how we got here.  One day our team is sitting around a table deep in work when one of our teammates sends a link to a listing in our group chat.  He looked up and jokingly said, "What if we bought this."  next, someone chimed in, "We can actually do that".  Having no clue how this could actually happen, we got to work.  We ran numbers and, from there, got in contact with the owner and next thing you know we're under contract.  Next, we just needed the cash to do it, which we did not have. So we raised it.  

The dream comes alive, the "Elements Resort." When we bought the property, it was strictly LTR units. The units were all occupied so we devised a plan to move tenants out as their leases ended and renovate their units. We bought the property in December 2022, and since then, we have renovated 15 of the proposed 27 STR units. I will let you be the judge of how they turned out.

Below you will find the Before pictures of the units -----------> You can find the current Airbnb listings here, post-renovation

Thanks for Reading!