The Hotel Investor Playbook
Welcome to The Hotel Investor Playbook, 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.
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, The Hotel Investor Playbook has you covered.
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.
The Hotel Investor Playbook
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 hostel
- His research process on demand, shared economy trends, and local recreation patterns
- The hidden cost of rural hospitality: zoning, septic, ADA, fire codes, and more
- How he fills beds year-round in a seasonal market
- The emotional toll and personal sacrifices that come with being a first-time hospitality operator
- His long-term outlook on scaling, balance, and defining success on your terms
Whether you're dreaming of opening a hostel or just curious about rural hospitality investing, this one’s packed with hard-earned lessons.
About Dave
Dave is the founder of Barn Door Hostel in Rumney, New Hampshire—a community-driven basecamp for climbers and adventurers, built from the ground up (literally, from a chicken coop). With over a decade of experience in hospitality, climbing gyms, and youth programming, he brings heart and intention to every guest experience. He's also a passionate advocate for access and stewardship, serving as a board member for the Rumney Climbers Association and a Ski Kind ambassador. Follow along as we dig into the journey behind Barn Door and the spirit of adventure it inspires.
Connect with Dave
LinkedIn: https://www.linkedin.com/in/davefrombarndoorhostel/
Website: https://www.barndoorhostel.com/
Instagram: @barndoorhostel
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