Why invest in a boutique hotel?
Boutique hotels are becoming attractive investments for a variety of reasons. Demand for the business, for one, appears to be growing; many sophisticated travelers are opting out of “cookie cutter” hotel accommodations in favor of more personalized experiences, according to Brooke Barrett, co-CEO of Denihan Hospitality Group. “I think people are looking for…highly personalized service, and…[a boutique hotel’s] premise is based on providing services [to suit a] particular customer’s lifestyle,” Barrett said. Demand for custom accomodations is rising; image courtesy of Magnolia Hotels A revival of tourism in the U.S. has, perhaps, created greater demand for customized travel accommodations. “More and more people are appreciating [the] large degree [that] tourism really contributes to the United States economy, especially [in] the city centers,” Barrett said. “[With a] weaker dollar and…more people traveling to the United States, tourism has really come into its own of being a viabl
