Larger Cabins in Gatlinburg - Is there such a thing as too big?

[Ben Morrow]

For the Gatlinburg / PF resident experts I’m curious how the really large (over 10 bedrooms) cabins do. I’ve heard the bigger the better but does that still apply to really large cabins? Does the profitability tend to level off or even decrease once you go over x number of bedrooms or does it actually go up? I’m interested in moving some money from a 1031 into a large cabin and I’m curious what to look out for when it comes to the larger cabins. Positives vs negatives, any deal breakers, etc... It seems the occupancy would be lower than average but I realize there’s not as many large cabins either. Would love anyone’s advice!!

[Julie McCoy]

@Ben Morrow I have a 26BR under contract for a client; we got multiple projections from local property managers, most averaged in the low- to mid-$600s and they lobbied pretty hard to get it on their respective programs.  Time will tell of course (it's a new build so no possibility of rental history), but there is definitely demand for large properties that can host big groups.