Episode 5: How to Source, Underwrite, and Purchase Your First Hotel - with Gideon Spencer
In this episode of the Hotel Investor Playbook, hosts Mike and Nate sit down with Gideon Spencer, the principal of Stonemont Capital, who purchased a $6 million hotel at the age of 32. Gideon shares his journey from starting in real estate with a fourplex to acquiring a boutique hotel, providing invaluable insights into market research, capital raising, and deal validation. The episode delves into practical steps for finding and analyzing hospitality deals, the importance of building broker relationships, and effective capital-raising strategies. Gideon emphasizes the significance of aligning with experts to scale investments and offers motivational advice on overcoming self-limiting beliefs. Tune in to uncover the secrets behind creating wealth and freedom through boutique hotel ownership.
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