⸻ Step 1: Watch the Video Below to Learn How It Works ⸻

The Most Tax-Advantaged Real Estate Play Your CPA Isn't Telling You About.

Done-for-you boutique hotel investments for high-income earners with $750K+ to deploy. You own the hotel, the cash flow, the tax benefits, and the appreciation. We handle everything else.

In-House

SOURCING, DESIGN, Food & Beverage, OPERATIONS — ALL UNDER ONE ROOF

100% Ownership

DIRECT OWNERSHIP. YOUR NAME ON THE DEED.

5 Streams of Revenue

ROOMS, Food & Beverage , Events, PROGRAMMING, ANCILLARY

⸻ STEP 2: Fill Out the Application Below to See if You Qualify ⸻

Hotel Turnkey is by Application Only

The application takes about 3 minutes. If you qualify, you'll be sent directly to our calendar to book a discovery call with our team.

⸻ Active Pipeline ⸻

A Glimpse at What's Currently Moving.

These are four active opportunities in our pipeline. Full deal packages — including named property, financials, and underwriting — are shared with qualified investors after a discovery call.

Premium Boutique · Hudson Valley, NY · 19 Keys

PROPERTY HIGHLIGHTS

  • Historic 38-acre estate, on-site destination restaurant, spa, 22-acre development parcel

  • 15-event annual permit in place

  • +20% RevPAR upside · 20–25% NOI target

Entry-Level Boutique · Asheville, NC · 14 Key

PROPERTY HIGHLIGHTS

  • Michelin Key recognition · Recent $1.6M renovation already complete

  • Turnkey condition with untapped F&B and events upside

  • +10.5% ADR upside · +20% Occupancy upside · $50K–$150K ancillary potential

Entry-Level Boutique · Northeast US · 14 Keys + Expansion

PROPERTY HIGHLIGHTS

  • Lakefront setting, untapped wedding and retreat buyout demand

  • Expansion potential for additional keys on site

  • +15.3% ADR upside · +7–10% Occupancy upside

Entry-Level Boutique · Western US · 31 Keys

PROPERTY HIGHLIGHTS

  • Mountain views, ~$1.5M renovation budget, stabilization play

  • Strong projected F&B engine

  • $383K F&B revenue projection · 20–30%+ NOI margin by Year 2–3

⸻ Our Investment Framework

Every deal we bring you runs through The CAPP Method.

Most investors only evaluate deals on cash-on-cash. That's the mistake.

Here's the four-part framework we use to underwrite every Hotel Turnkey acquisition and what your discovery call will walk you through.

C

Cashflow

INCOME TODAY.

Every deal has to cash flow. Not on a hopeful pro forma on a stress-tested one with conservative occupancy, conservative ADR, and a comp set we can defend. We target specific cash-on-cash thresholds before we ever bring a property to you. If a deal doesn't clear that threshold, you never see it.

A

Appreciation

Growth over time.

A single-family home appreciates two ways: market lift, or capex. A hotel is a commercial asset its valuation is a function of NOI divided by cap rate. So when revenue goes up, the property is worth more. Period. No remodel required. Better F&B program? Worth more. Stronger event business? Worth more. We acquire below market and operate to lift NOI from day one.

P

Protection

Hedge against inflation and

downside.

A short-term rental has one revenue stream. If transient demand softens, the asset softens with it. A well-positioned boutique runs five revenue streams at the same time, rooms, F&B, events, curated programming, and ancillary. When one softens, the others carry the asset. Diversity is the hedge.

P

Plan

The tax strategy and the multi-

decade strategy.

100% bonus depreciation is permanent. Hotels qualify as an active trade or business under §469 meaning losses offset W-2 or business income without the 100-hour material participation test STR investors track. Every deal we structure has 1031 optionality at exit. Done correctly, this is a multi-decade strategy.

⚠️ Confirm tax treatment with your CPA. Actual benefits depend on your individual situation.

⸻ Why Boutique Hotels Outperform STRs ⸻

Short-term Rentals Monetize a Bedroom. Boutique Hotels

Monetize an Entire Property — 24 Hours a Day.

A well-positioned boutique hotel runs five revenue engines simultaneously. This is the structural reason hotels produce 10–20× the total revenue of premium STRs on comparable acquisition basis and why STRs and commoditized flagged hotels can't replicate the model.

Rooms Revenue

The baseline — not the ceiling.

A Dynamic pricing, OTA distribution, direct booking optimization, loyalty repeat. Stabilized boutique ADR runs $280–$600+ depending on tier. Rooms revenue alone is the floor. Everything else stacks on top.

Food & Beverage

A standalone brand within the asset.

Restaurant and bar concepts built as destinations in their own right — pulling demand from the local community as well as overnight guests. The active 31-key Western US property in our pipeline projects $383K in F&B revenue alone.

Events & Private Functions

The baseline — not the ceiling.

A 40-key boutique with the right common spaces can generate $15K–$50K from a single weekend event. Weddings, corporate buyouts, retreats, and private functions can add 10–30% to total property revenue — often stacking with rooms revenue when buyouts fill all keys at premium rates.

Curated Experiences &

Programming

Wellness retreats, culinary experiences, creative residencies,

signature packages.

Programming lifts ADR meaningfully and extends length of stay 30–50% on programmed weekends. It also drives direct bookings, generates organic content, and builds repeat guests.

Ancillary & Retail

Vendor partnerships, local commissions, branded merchandise.

Preferred vendor programs (florists, photographers, activity providers) generate 10–20% commission income. In-house retail, signature consumables, and local artisan goods compound with brand strength over time.

⸻ Why Boutique Beats Flagged ⸻

Boutique Wins in 10 of 12 Categories.

The Two Where Flags Still Win Are Narrowing Fast.

This is the structural argument behind every Hotel Turnkey acquisition. Below is the side-by-side breakdown that drives our sourcing thesis — and the reason we don't invest in commoditized flagged inventory.

Flagged Hotel

Boutique Hotel (Our Approach)

DIY Boutique

STR

01 Franchise Fees

5–6% royalty + 2–3% marketing levy + 1–3% reservation fees

0%

0%

0%

5–6% royalty + 2–3% marketing levy + 1–3% reservation fees

0%

0%

0%

02 Pricing Power

Capped by brand tier

Uncapped — experience commands premium ADR

Uncapped

Tier and OTA-capped

03 Guest Experience

Standardized

Locally rooted, intentional, memorable

Variable

Variable

04 Design & Identity

Brand prototype

Unique to property and place

Unique

Generic

05 Marketing

Mandatory fund contribution

Fully self-directed (in-house team)

Owner-built

Owner-built

06 Renovation Control

PIPs every 7–10 yrs at $15K–$40K+ per key

Owner-controlled

Owner-controlled

Owner-controlled

07 Operational Agility

Brand approval required

Fully agile

Fully agile (if capable)

Fully agile (if capable)

08 Social Media Appeal

Rarely viral

Design-forward properties generate organic content

Variable

Generic

09 Guest Loyalty

Points-driven (loyal to brand)

Emotional (loyal to property)

Variable

None

10 OTA Dependence

Loyalty offsets but owner pays

Direct bookings 40%+ achievable

DIY required

Heavy

11 Brand Recognition

Instant global recognition

Built over time

Built over time

None

12 Financing Access

Easier debt terms historically

Growing lender acceptance

Variable

Variable

A full leadership team behind every acquisition.

01 Franchise Fees

Flagged Hotel

5–6% royalty + 2–3% marketing levy + 1–3% reservation fees

Boutique Hotel (Our Approach)

0%

DIY Boutique

0%

STR

0%

02 Pricing Power

Flagged Hotel

Capped by brand tier

Boutique Hotel (Our Approach)

Uncapped — experience commands premium ADR

DIY Boutique

Uncapped

STR

Tier and OTA-capped

03 Guest Experience

Flagged Hotel

Standardized

Boutique Hotel (Our Approach)

Locally rooted, intentional, memorable

DIY Boutique

Variable

STR

Variable

04 Design & Identity

Flagged Hotel

Brand prototype

Boutique Hotel (Our Approach)

Unique to property and place

DIY Boutique

Unique

STR

Generic

05 Marketing

Flagged Hotel

Mandatory fund contribution

Boutique Hotel (Our Approach)

Fully self-directed (in-house team)

DIY Boutique

Owner-built

STR

Owner-built

06 Renovation Control

Flagged Hotel

PIPs every 7–10 yrs at $15K–$40K+ per key

Boutique Hotel (Our Approach)

Owner-controlled

DIY Boutique

Owner-controlled

STR

Owner-controlled

07 Operational Agility

Flagged Hotel

Brand approval required

Boutique Hotel (Our Approach)

Fully agile

DIY Boutique

Fully agile (if capable)

STR

Fully agile (if capable)

08 Social Media Appeal

Flagged Hotel

Rarely viral

Boutique Hotel (Our Approach)

Design-forward properties generate organic content

DIY Boutique

Variable

STR

Generic

09 Guest Loyalty

Flagged Hotel

Points-driven (loyal to brand)

Boutique Hotel (Our Approach)

Emotional (loyal to property)

DIY Boutique

Variable

STR

None

10 OTA Dependence

Flagged Hotel

Loyalty offsets but owner pays

Boutique Hotel (Our Approach)

Direct bookings 40%+ achievable

DIY Boutique

DIY required

STR

Heavy

11 Brand Recognition

Flagged Hotel

Instant global recognition

Boutique Hotel (Our Approach)

Built over time

DIY Boutique

Built over time

STR

None

12 Financing Access

Flagged Hotel

Easier debt terms historically

Boutique Hotel (Our Approach)

Growing lender acceptance

DIY Boutique

Variable

STR

Variable

A full leadership team behind every acquisition.

⸻ About Hotel Turnkey

The only platform where every step stays in-house.

Most hotel investment platforms stop at acquisition. They source the deal, raise the capital, and hand the asset to a third-party manager. From that point on, the investor is hoping the operator they've never met

executes well.

We're a vertically integrated platform built inside The Rise Collective ecosystem. Every step, sourcing, underwriting, financing, design, renovation, branding, F&B, marketing, and operations, happens under one roof, with ROAM Hospitality operating the asset day-to-day from the moment it opens.

What that means in practice:

  • Direct Ownership.

Your name on the deed. 100% of the equity, cash flow, depreciation, and appreciation. Not a fund share. Not a syndication.

  • Off-market Deal Flow.

Sourced through proprietary hospitality broker relationships and deep market networks. The deals you'd never see on LoopNet.

  • In-house Operations from Day One.

ROAM Hospitality runs your property, staffing, revenue management, OTA distribution, F&B execution, marketing — all in-house, all aligned with your asset's performance.

  • Tax Strategy Built in.

Cost segregation, bonus depreciation, and active trade or business structuring done at acquisition. Not as an afterthought.

  • Written Underwriting on Every Deal.

Full repositioning and analysis memo for every property we present. You see our thinking before any decision is made.

  • Approval-only Involvement.

You make the strategic calls. We do the work.

You own the hotel. We do everything else.

Operated by

ROAM Hospitality — in-house, from day one.

⸻ Our Process ⸻

Four Phases. One Platform.

From First Offer to Cash-flowing Asset.

Hotel Turnkey is a structured 12–18 month engagement (depending on property scope and renovation

timeline). Here's what that actually looks like.

01

PHASE ONE

Deal Flow

We build a buy-box around your capital and goals. Then we source — both off-market relationships and on-market opportunities and underwrite each deal with stress-tested pro formas. For every property we present, you receive a full written repositioning and analysis memo before you make any decision.

02

PHASE two

Execution

Once you've approved a deal, we manage the full execution: design, renovation scope, brand identity, F&B concept, FF&E procurement, technology stack deployment, staffing, pre-opening marketing. Every renovation expense is tracked for cost segregation and depreciation.

03

PHASE three

Operations

ROAM Hospitality assumes full day-to-day operations from opening. Revenue management, OTA distribution, direct booking optimization, F&B execution, guest experience, staffing. You receive monthly owner reports formatted for CPA review.

04

PHASE four

Financing

Throughout the engagement, we coordinate with our financing partner network, SBA 504/7(a), CMBS, portfolio lenders, and bridge lenders experienced in boutique hospitality. We handle the underwriting documentation; you sign at close.

What you do

Approve milestones, attend weekly check-ins during active phases, and watch the asset come together.

What WE do

Everything else.

⸻ Meet the Team ⸻

Built by Operators Who've Done this Before.

Elliott Caldwell

CEO & Co-Founder, Hotel Turnkey Founder, The Rise Collective

Elliott built The Rise Collective into a vertically integrated real estate, investing, and tax strategy ecosystem. Hotel Turnkey is the platform's done-for-you boutique hotel investment arm.

Michael Elefante

President & Co-Founder, Hotel Turnkey

Michael co-founded Hotel Turnkey alongside Elliott and leads

investor-facing strategy. He's an active voice in the real estate

and tax strategy investor community.

Supporting Team

Kyle Murphy

Chief Operating Officer

Sam Arnita

Chief Revenue Officer

Dominic Springer

Chief Financial Officer

Robert Chapman

Chief Legal Officer

Emily Uselman

Chief Marketing Officer

Graham Johnston

Head of Concepts and F&B

Wade Langlois IV

Director of Development

Jessica Berry

Head of Design

A full leadership team behind every acquisition.

⸻ Got Questions? ⸻

Common Questions from Qualified Investors.

A few questions that come up consistently on discovery calls. If yours isn't answered here, the call is the right place to dig in.

What's the minimum capital to invest with Hotel Turnkey?

$750K deployable is our entry. Tier 1 deals run $750K–$5M (10–40 keys). We cover six tiers total, up to $100M+ trophy assets, with the same done-for-you approach across the spectrum.

How does the tax strategy actually work?

Hotels qualify as an active trade or business under §469, which means depreciation losses can offset your W-2 or business income — without the 100-hour material participation test that limits STR investors. On a $5M acquisition, cost segregation typically reclassifies 25–35% of basis into short-life property, generating roughly $1.2M of first-year depreciation. At the 37% bracket, that's around $440K in federal tax savings in year one. Cost segregation studies are performed in-house by Legacy Wealth, the Rise Collective's tax strategy arm. Confirm with your CPA — actual benefit depends on your individual tax situation.

Who actually operates the hotel?

ROAM Hospitality, our in-house operator. Same team. Same ecosystem. From the moment your property opens through ongoing stabilization, ROAM handles staffing, revenue management, OTA distribution, F&B operations, guest experience, marketing, and monthly owner reporting. No third-party management handoff.

How long does the full process take from first call to cash flow?

Typically 12–18 months from engagement to opening, depending on property scope and renovation timeline. Some turnkey-condition acquisitions can open in under 6 months. The active Asheville pipeline deal, for example, is in turnkey condition because the previous owner already completed a $1.6M renovation.

What if I want to do a 1031 exchange into a Hotel Turnkey deal?

We work with 1031 exchangers regularly. Your QI handles the exchange structure and timing; we handle the property identification, underwriting, and operations. The 45-day identification window is enough time to select the right hotel — when you have the pipeline.

Can I use the property personally?

Personal use is possible but has implications for tax treatment under §469. We'll walk you through the structure on the discovery call so it's done correctly. Most of our investors prioritize the tax strategy and limit personal use accordingly.

What's the exit strategy?

Three paths.

One: sell to an institutional hotel buyer (which is why we build to institutional-quality standards from the start).

Two: 1031 exchange into the next Hotel Turnkey deal, deferring capital gains and restarting the depreciation clock.

Three: hold for legacy and generational transfer. We plan for all three from acquisition forward.

How do I know your underwriting is conservative?

For every property we present, you receive a full written repositioning and analysis memo — strategic vision, competitive analysis, renovation plan, brand positioning, detailed budget, stress-tested pro forma. You see our thinking before any decision is made. If the deal doesn't make sense, you don't invest.

⸻ Apply Now ⸻

Apply Now

If you have $750K+ to deploy and a tax bill that hurts to write, the next step is one call.

The application takes about 3 minutes. If you qualify, you'll be sent directly to our calendar to book a 20-minute discovery call. On that call, our team will walk you through the live pipeline, the underwriting on a deal that fits your capital, what the first-year tax picture looks like for your specific situation, and the full CAPP analysis on whichever property fits.

Hotel Turnkey is by application only. We work with qualified investors with $750K+ to deploy. Tax strategies discussed are subject to individual circumstances; confirm with your CPA.

If the deal doesn't make sense, you don't invest. Simple..

You own the hotel. We do everything else.

GET IN TOUCH

Powered by: The Rise Collective • Operated by ROAM Hospitality

GET IN TOUCH

Powered by: The Rise Collective • Operated by ROAM Hospitality

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