Boutique hotels are becoming a more popular niche in real estate investing, and Andrew Owlett’s journey from firefighter to real estate entrepreneur showcases their potential. On this episode of Zen and the Art of Real Estate Investing, Andrew shares how he transitioned from single-family properties to developing wellness-focused boutique hotels. As the founder of Night Owl Academy, Night Owl Management, Night Owl Capital, and STR on Auto-Drive, Andrew combines innovation with expertise across short-term rentals, long-term rentals, and hotel development, carving out a unique space in the industry.
Jonathan and Andrew delve into how Andrew’s experience with PTSD inspired him to prioritize camaraderie and impactful guest experiences. Andrew shares how he started with a townhome in Baltimore, the appeal of boutique hotels and invisible personalization, and the importance of focusing on customer satisfaction and business efficiency. He highlights why he and his wife still maintain their W2 jobs, the value of outsourcing tasks you dislike, and how guest reviews shape hospitality success.
You’ll hear more about the following from Jonathan and Andrew:
- Wellness is not one-size-fits-all, and Andrew’s hotels provide invisible personalization and guided experiences.
- Andrew wants to positively impact his community with his investments and is passionate about building a sense of community.
- In the hotel industry, you are reliant on digital profiles and reviews.
- Hiring out tasks you don’t enjoy allows you to focus your full attention on the things you do enjoy in your business.
Boutique hotels may sound like a complicated investment niche, but Andrew Owlett explains why they offer multifamily benefits and short-term rentals’ profitability.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/194/.