The Hotel Investor Playbook

<p><b>Welcome to </b><b><em>The Hotel Investor Playbook</em></b><b>, hosted by real estate investors and hospitality experts Michael Russell and Nathan St Cyr. As the founders of Malama Capital and Howzit Hostels, Michael and Nathan have a wealth of experience in owning and operating boutique hotels, hostels, and other experiential lodging properties. With over $30 million in real estate investments, including short-term rentals, long-term rentals, commercial retail, and hospitality properties, they bring a unique perspective on how to turn passion-driven investments into financial freedom.</b></p><p><b>In this podcast, they share their roadmap for transitioning from traditional real estate investments to boutique hotels, offering listeners the insights and strategies needed to succeed in this niche market. Whether you're looking to learn about identifying the right property, managing operations, or understanding the financial complexities of boutique hotel ownership, </b><b><em>The Hotel Investor Playbook</em></b><b> has you covered.</b></p><p><b>Join Michael and Nathan each week as they document their journey towards building a $400 million real estate-based business and bring you along for the ride. Subscribe now and start turning your real estate investment dreams into reality.</b></p><p><br /></p><p><br /></p>

The “Hotel Guru” on Where to Invest Next, How to Fund Deals, and Using Robots in Place of Staff | Bob Rauch E51

The hotel industry is changing: costs are rising, AI is here, and investors are getting more selective. This week on the Hotel Investor Playbook, we sat down with Bob Rauch, better known as The Hotel Guru. From starting out as a dishwasher to building and selling a 20-hotel management company, then launching Brick Hospitality and managing nearly 1,000 rooms, Bob has seen it all. In this episode, you’ll learn: How to spot hot markets (and avoid the ones that eat your profits)The truth about us...

09-30
57:26

Why 2026 Looks Rocky for U.S. Hotels And Where Smart Investors Can Hit Big | Jan Freitag E50

Where is the hotel market headed in 2026, and how can investors succeed in a challenging environment? This week on the Hotel Investor Playbook, we sat down with Jan Freitag, National Director of Hospitality Analytics at CoStar. With over 30 years of experience analyzing hotel performance data, Jan is one of the most respected voices in the industry. Here’s what you’ll learn: How to use data and analytics to spot opportunities others overlookWhy conviction and strong operations can outperform ...

09-23
46:51

How to Craft a Hotel People Will Actually Remember | Bashar Wali E49

The most powerful part of a hotel stay isn’t the design or the amenities, it’s the feeling guests take home. That’s the philosophy of Bashar Wali, one of the most candid and creative voices in hospitality, who's spent 30+ years building, operating, and reinventing hotels around the world. In this episode of the Hotel Investor Playbook, Bashar shares: Why “give-a-shit-ability” beats corporate playbooksThe power of emotional intelligence in hotel teamsThe biggest mistakes first-time owners make...

09-16
01:03:06

What Makes a Hotel Succeed or Fail? | Naveed Khan E48

How do you turn a struggling hotel into a profitable asset? This week on the Hotel Investor Playbook, we sit down with Naveed Khan, co-founder of London Rock Partners, a hotel management and advisory firm that oversees everything from branded hotels like Holiday Inn to boutique independents and even a 650-bed hostel in London. In this episode, you’ll learn: Why the first step in turning around a hotel always starts with people, not P&LsThe advantages (and risks) of branded vs. independent...

09-09
49:09

From CEO of Days Inn to Launching Marriott’s Autograph Collection | Richard Kessler E47

Few people have left a mark on hospitality like Richard Kessler. He started his hospitality career by helping scale Days Inn into a household name as the early CEO Then he founded the Kessler Collection, one of the leading boutique hotel portfolios in the U.S., which ultimately helped launch Marriott’s Autograph Collection. In this episode, Richard shares the biggest lessons from his 50-year career, including: • How to lead through downturns and find opportunity in distress • Wh...

09-02
01:06:00

How To Use Social Media To Raise Capital And Find Deals | Soli Cayetano E46

What if your first hotel deal could be funded almost entirely through Instagram? This week’s guest, Soli Cayetano AKA lattes.and.leases on Instagram, went from barista to building a $13M real estate portfolio in just four years. After exiting her residential investing business, she turned to hospitality and now co-owns a 13-key boutique wellness hotel in Palm Springs that’s already been featured in Forbes, Vogue, and Travel & Leisure. In this episode, you’ll learn: How Soli raised $2.5M i...

08-26
55:55

Intuition, Joint Ventures, and Building Hotels That Last | Brandon Gore E45

Most hotel investors default to syndication — raising capital from dozens of limited partners and layering in complex waterfalls. But what if there’s a smarter, simpler path? This week’s guest, Brandon Gore, is building The Outlier Hotel, a 10-cabin luxury retreat in Arkansas designed to last 100 years. Instead of chasing the traditional syndication model, he’s structuring the project as a joint venture — lowering pressure, creating strong cash flow, and unlocking tax advantages that limited ...

08-19
51:35

The Marketing Playbook Every Small Hotel Owner Needs | Steph Weber E44

Think great marketing is only for big hotels with big budgets? Think again. In this episode, we talk with Steph Weber, a marketing and branding expert who helps boutique hotel and STR owners drive direct bookings. She breaks down how she finds her audience, tells a compelling brand story, and uses limited resources to drive big results. You’ll learn: How to identify your property’s unique selling pointsSimple marketing strategies that work for small hotels and innsWhy guest experience is your...

08-12
51:16

The Beginner's Guide To Building Wealth In Hospitality | Jonathan Mueller E43

Think you need a perfect plan to start investing in hospitality? Think again. In this episode, we sit down with Jonathan Mueller, an everyday investor who went from zero experience and a failed multifamily deal to buying a $250K roadside motel and building a growing hospitality portfolio. He didn’t have a background in hotels, didn’t have much of a strategy, and still made it work through pure action, problem-solving, and a willingness to pivot. You’ll learn: Why taking action beats waiting f...

08-05
43:43

Hotel Marketing Decoded: What Every Owner Needs to Know | Anthony Chiaravallo E42

Is your marketing helping your hotel or just draining your budget? In this episode, we sit down with Anthony Chiaravallo, founder of Vallo Media, who has managed over $100M in ad spend for brands like Nike, Resorts World, and boutique hotels across the country. Whether you're trying to fill beds or scale a brand, Anthony breaks down how to think about hotel marketing in a way that actually drives bookings. You’ll learn: How to build a full-funnel strategy that drives real bookingsWhat makes a...

07-29
44:59

Syndication Simplified: The Strategy That Builds Generational Wealth | Desiree Doubrox E41

Ever wondered how people raise millions to buy real estate without using their own money? In this episode, Desiree Doubrox breaks down the world of syndication and how she built an eight-figure fund while empowering hundreds of others to do the same. Whether you're new to investing or ready to raise capital for your first deal, this conversation simplifies the path to building generational wealth. You’ll learn: What syndication really is and how it applies beyond real estateHow to gain credib...

07-22
52:10

A Masterclass In Experiential Hospitality With The Bolt Farm Treehouse Founders | Tori and Seth Bolt E40

Instead of chasing bookings, the founders behind Bolt Farm Treehouse create an obsession amongst their guests, and they do it with love at the center of everything. Their hospitality business heals relationships, attracts top-tier employees, and doesn't require the use of OTAs In this episode, Seth and Tori Bolt break their iconic hospitality business where luxury stays meet emotional transformation. You’ll hear: How to design experiences that emotionally move your guestsWhy 100% of their boo...

07-15
54:26

$187M Hotel Portfolio by Age 30: How to Choose the Right Deals, Brands, and Ops Model | Sujay Mehta E39

Thinking about buying or operating a hotel, but not sure where to start? Sujay Mehta built a $187M hospitality portfolio by betting on himself, starting lean, and learning through execution. In this episode, he breaks down what most people get wrong about hotel investing and how you can start smarter. You’ll learn: How to determine which hotel brand fits a deal bestHow the “Mamba Mentality” shaped his risk tolerance and executionWhat he learned by making his first deal a ground-up development...

07-08
01:10:59

Turning Passion into Profit in Rural Hospitality | Dave Cook E38

What does it take to build a successful hospitality business in a small rural town, with no outside investors? Dave Cook, founder of Barn Door Hostel in Rumney, New Hampshire, walks us through his journey from hostel volunteer to hostel owner. We dive into: How he used sweat equity and personal savings to convert an old chicken coop into a thriving hostelHis research process on demand, shared economy trends, and local recreation patternsThe hidden cost of rural hospitality: zoning, septic, AD...

07-01
44:03

Bootstrapped Hospitality: Scaling Your Hotel Portfolio Without Major Capital | Austin Phippen E37

Today’s guest bought a roadside motel in a town of 900 people and turned it into a thriving hospitality brand. In this episode of the Hotel Investor Playbook, Mike and Nate sit down with Austin Phippen, a 26‑year‑old owner of Chama Trails Motel, a portfolio of 12 short-term rentals and a scenic wedding venue in Chama, New Mexico. What you’ll learn from this episode: The “Motel Hack” mindset: How Austin got in with seller financing and turned the motel into both home and businessScaling withou...

06-24
37:22

Building a Scalable Outdoor Hospitality Brand Through Franchising | Brian Linton E36

In this episode of the Hotel Investor Playbook, Mike and Nate sit down with Brian Linton, co-founder of Finding Promised Land, Camp Ferncrest, and The Rex Hotel. Brian shares how he transitioned from building a $20M apparel company to launching one of the fastest-growing outdoor hospitality brands in the U.S. Key Topics: How a rundown motel purchase during COVID led to a hospitality empireNavigating zoning issues, STR restrictions, and neighborhood pushbackWhat to look for in land: acreage, u...

06-17
01:00:46

How to Know If Your CPA Is Helping You or Holding You Back | Kelly Tate E35

Not sure if your tax advisor is actually optimizing your returns, or just filing forms? In this episode of the Hotel Investor Playbook, we’re joined by Kelly Tate, a CPA with over two decades of experience helping real estate and hospitality investors navigate the tax code with confidence. We dive into key strategies like bonus depreciation, Section 179, and cost segregation, and explore how to structure your entities to maximize tax efficiency, especially when you’re juggling both real estat...

06-10
51:11

Why Hostels Are an Untapped Investment Opportunity in the U.S. | Mike & Nate E34

We're proving why hostels are one of the most powerful investment models in real estate. In this episode, Mike and Nate break down exactly why they’re going all-in on hostels and how they turn underperforming assets into award-winning hospitality destinations. You’ll learn: Why the U.S. hostel market is ripe for disruptionThe revenue model that turns $100 rooms into $300 cash machinesHow their guest-first brand became a marketing engineWhy “flawed” properties are actually a goldmine for this ...

06-03
36:54

The Strategic Power of Third-Party Hotel Management | Bryan Fish E33

You don’t need to be an expert in everything to scale in hospitality, just need to align with the right consultants, operators, and partners who’ve done it before. In this episode, we sit down with Bryan Fish, CEO of Reliance Hospitality, to unpack how third-party operators help investors go from scrappy operators to institutional-level players. Bryan shares what most owners get wrong during acquisitions, how franchise agreements really work behind the scenes, and why your ability to scale co...

05-27
45:22

He Managed $320M for a Family Office - Then Walked Away to Build His Own Empire | Reilly Brennan E32

After helping scale a family office real estate portfolio from $3 million to over $320 million, Reilly Brennan walked away from the comfort of a W-2 job to carve his own path in boutique hospitality. In this episode, we sit down with Reilly to unpack how he sourced and acquired two independent hotels in Duluth, Minnesota, one through creative seller financing, the other straight off LoopNet. We break down his underwriting process, deal structure, construction strategy, and how he’s building ...

05-20
47:12

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