Belmont Guest House, Harrogate
Having operated and managed short term rentals since July 2016, In Hot Property have identified opportunities within the guest house market. Our latest project will see an existing 8-room B&B transform into a modern, smart, boutique 12-bed guest house.
The formula will involve converting communal rooms (dining room, sitting room) and owners accommodation into extra guest rooms. Together with upgraded bathrooms and kitchenettes, the rooms will command a higher price and using revenue management software, we can further increase occupancy.
We will increase the number of rooms by 50%, the average nightly room rate by 20% and the occupancy levels by 10%, leading to a 98% increase in revenue and a corresponding increase in profits. By working with vendors and investors, together with our expert power team, we can produce a streamlined, state of the art solution for forthcoming guests in the beautiful and thriving town of Harrogate.
Our ultimate goal is to produce a collection of smart boutique guest houses in the area.