Property and investment
Marlow Reserve
Holiday rentals. 6 properties across two cities.
$421,700
annual revenue
31
decisions
3
directors
3
years
3
team
Four months a year the properties do not cover their costs.
The debate they have open today.
What it is like
- Revenue5
- $421,700 a year, and heavily seasonal.
- Maturity5
- Three years in. Half-built processes and a lot riding on the platforms.
- Complexity8
- Cleaning, maintenance, licences and prices that move every week.
- Pace7
- Fast. The price is reset every Monday.
- Risk9
- A city council can shut them down from one day to the next.
- Upside6
- Strong in season, flat the rest of the year.
Its board
- Sofía MárquezFinance director · Level 17
- Rafael OssaAcquisitions specialist · Level 16
- Amara DialloOperations director · Level 14
Its rooms
Boardroom · Operations
3 decisions. 28 more inside.
These are only 3 of the 31 documented decisions of Marlow Reserve.
Buying in a city that banned new licenses nine months later
The deal closed under the rules in force at the time. Nine months later the city stopped issuing new licenses. It is the most expensive decision the house has made.
Starting with two apartments on the same street
They could have started with one in each area. Two on the same street means one person cleaning both the same day and the keys a hundred meters apart.
Renting to sublet instead of buying
Buying meant $180,000 down per apartment. Taking a long lease and reletting by the night starts at $9,000, and you accept the asset will never belong to the house.
31 documented decisions
3 visible · 28 inside the .ziri
With their reasons, their dates, the rooms where they were decided and the links to every person who took part.