The Wealth Without Wall Street Podcast The Commercial STR Playbook: Turning Old Buildings into High-Profit Experiences with Andrew Llewellyn
What if you could turn underused properties into luxury destinations, attracting large groups and generating significant income? In this episode, Russ and Joey sit down with Andrew Llewellyn to explore an innovative approach to short-term rentals (STR).
Andrew has taken a unique route by turning old commercial buildings into high-profit STR experiences. Instead of focusing on individual units, Andrew targets large groups for milestone events like corporate retreats or celebration weekends. By offering experience-based stays for these guests, Andrew has built a thriving hospitality business with a distinct advantage over traditional STR models.
Andrew shares his journey of pivoting from a bakery business idea to transforming an old real estate office into a short-term rental haven. We discuss the challenges, pros, and cons of marketing this model, and how investors can replicate this success.
Top three things you will learn:
-How to turn old commercial properties into profitable short-term rentals for large groups
-The benefits of combining lodging with local experiences
-Key lessons in financing and marketing a commercial STR business for high-profit returns
About Our Guest:
Andrew Llewellyn stands out in the hospitality industry. He brings over a decade of hands-on business experience and four years in the short-term rental sector, combining deep industry knowledge with practical insights. Andrew's success stems from identifying an underserved market, innovative property management, and a strong focus on guest experiences, setting Super Stays apart in the competitive short-term rental market.
Having managed successful properties like The Swepson Guesthouse in vibrant locations such as Louisville, Kentucky (a city renowned for bourbon tourism), Andrew is well-equipped to guide you through every aspect of the business.
Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.
This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.
The hosts may have a financial interest in the programs or services mentioned in this episode.
Connect with Andrew Llewellyn:
- Website - https://andrewllewellyn.com/
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