Flexible Leasing for Converted Motels
Project Updates
Studios On Fourth
McAllen, TX (29 Units)
INCOME: $11,798.92
OCCUPANCY:
Short Term: 5%
Long Term: 29%
NEXT STEPS:
Boost sales w/ Apartments.com/Zillow
Refinance
VIVA STUDIOS
Brownsville, TX (80 Units)
CITY SUBMISSIONS
COMMERCIAL GENERAL CONTRACTOR, WALTZ CONSTRUCTION
Why be flexible? What does that mean?
Extended Stay Hotel Trends
Business Travel & Remote Work
All-Suite Hotels & Amenities
Leisure Travel & Amenities
The extended stay hotel market is projected to reach a value of $190.5 B by 2033.
Understanding Flexible Leasing Models
Short-Term Rentals
Mid-Term Rentals (month to month & 2-6 month stay)
Long-Term Rentals
Benefits of Flexible Leasing

1

Increased Occupancy Rates
Flexible options attract a wider range of guests, reducing vacancy periods and averaging higher nightly rates or higher ADR.

2

Higher Revenue Potential
Optimize pricing based on demand, season, and length of stay.

3

Improved Cash Flow
Mix of short and long-term rentals ensures steady income throughout the year.

4

Market Adaptability
Quickly adjust to changing market conditions and guest preferences.
Implementing Flexible Leasing Strategies

1

Market Research
Analyze local demand for different rental durations. Identify target guest segments.

2

Property Modifications
Adapt rooms for various stay lengths. Install kitchens and other amenities for long-term guests.

3

Pricing Structure
Develop dynamic pricing models. Offer discounts for extended stays.

4

Marketing Plan
Promote flexibility across channels. Highlight unique selling points for each rental type.
Maximizing Success with Flexible Leasing
Efficient Systems
Implement efficient booking and management systems. Automate check-ins and communication.
Tailored Amenities
Tailor amenities to different stay lengths.
Data-Driven Decisions
Regularly analyze performance data. Adapt strategies based on occupancy and revenue trends.
Community Building
Foster a sense of belonging for long-term guests.