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!
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