An STR operator's $4 million bet on building a boutique hotel in Colombia | Tim Hubbard E76

What does it actually cost to build a boutique hotel from scratch in a foreign country? More than you think, and not just financially.A short-term rental operator running 220+ properties across 40 cities is now three years into building a 20-unit boutique resort in Medellin, Colombia. No bank financing. A licensing process that restarted from zero. And a price tag is climbing toward $4.5 million. Tim Hubbard joins the show to walk through every layer of this project with total transparency.In this episode, you'll discover:The real cost breakdown of a ground-up international hotel development and why it ballooned past initial estimatesWhy foreign investors can't get bank financing in Colombia, and how Tim structured the deal without itHow a licensing change wiped out months of progress and what it taught him about developing abroadThe partnership structure that made this project possible, and what Tim wouldn't have attempted aloneHow his virtual management company, Corzly, operates 220+ STRs across 40 cities at 5-10% feesWhere AI is actually delivering results in hospitality operations today, and where it still breaks downIf you've ever visited a city and thought about building something there, this episode is the honest version of what that journey actually looks like.Connect with Tim HubbardWebsite: https://corzly.com/LinkedIn: https://www.linkedin.com/in/tim-hubbard-str/Podcast: https://strriches.com/If you found value in this episode, take 30 seconds to leave us a review here. It helps more people find the podcast and keeps us bringing on great guests.Connect with Michael on Instagram or LinkedIn.Email Us at [email protected] the Hotel Investor Playbook InstagramInvest with Malama CapitalSubmit a deal