Extra Pack of Peanuts Travel Podcast · Travis Sherry

EPOP Real Estate 010: Wilmington, NC Deal Deep Dive

·55 min·3 clips

The speaker wants to “put a ring on it” with a boutique wellness micro resort in Wilmington, North Carolina.

They frame the new show as a continuation. The mission stays the same: chase new experiences and new challenges, but do it through hospitality real estate and micro resorts that feel intentionally small, distinctive, and travel-forward. Wilmington is the anchor. One host describes himself as a beach boy at heart and wants to deepen that connection with a boutique wellness micro resort in Wilmington, while the other responds from a Southern, historic-coastal perspective. The numbers come next. They say they have reviewed more than a hundred properties in the last year, and that this project sits near the top because the deal reads like a nine out of ten rather than a speculative swing. Real data matters more than software. They draw a line between operating numbers they can verify and estimates from tools like AirDNA, and they prefer the former because it comes from properties they actually know. A riverfront condo sets one benchmark. They talk through a friend's 550-square-foot unit that was redesigned by the host's wife and has been doing about $60,000 to $65,000 a year on Airbnb and VRBO, even without amenities beyond the building itself. Another hotel confirms the range. A boutique property they considered buying last year has 15 units, sits in a good location that is still not as strong as this project, and still produces roughly the same revenue per room with only a gym as its main amenity. A B&B adds a third comparison. Their favorite historic-district bed and breakfast in town has seven rooms, smaller traditional spaces, and no kitchens or kitchenettes, which helps them contrast old-school lodging with the new project. The planned build is bigger. The property they are discussing centers on 13 units, mostly one-bedrooms between 500 and 750 square feet, plus a penthouse that reaches 1,000 square feet. The underwriting is still coming together. They say that by the time the project is ready, there should be a full underwriting package and pitch deck available for listeners who want to study the numbers or potentially get involved as investors or partners. The invitation stays open. They close by asking people to come visit Wilmington, stay at Wilmington's first boutique wellness resort overlooking the river, and take them up on a coffee, a drink, and a tour.

As heard by us

A hospitality pitch grounded in real numbers and a very specific coastal setting.

A beach-town real estate pivot anchors this episode, with the hosts introducing a new podcast about hospitality and boutique experiential micro resorts and keeping the focus on Wilmington, North Carolina.

Read the full review in PlayNext →

Why you'd press play

You want the deal math behind a Wilmington boutique wellness micro resort, grounded in real local numbers, before the doors open.

Read the full recommendation in PlayNext →

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