This Couple Spent Over $1M Turning An Abandoned Inn Into A Desert Paradise
Portfolio Pulse from Adam Eckert
Sara and Rich Combs purchased 38 acres of barren canyon desertland in Arizona in 2018 for $615,000 and invested an additional $500,000 to transform an abandoned inn into a hotel, The Posada. The property, part of The Joshua Tree House hospitality group, is now their main source of income. The couple faced financial challenges, including difficulty securing a traditional mortgage and having to max out multiple credit cards. They also received free products from social media partnerships. The couple are superhosts on the Airbnb platform, with their 'Saguaro Suite' boasting a 4.97-star rating.
August 30, 2023 | 6:12 pm
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Sara and Rich Combs, owners of The Posada hotel in Arizona, are superhosts on the Airbnb platform. Their 'Saguaro Suite' has a 4.97-star rating.
The news highlights the success of the couple as hosts on Airbnb, which could potentially attract more guests to their property and indirectly contribute to Airbnb's revenue. However, the impact is likely to be limited as it's just one property among many on the platform.
CONFIDENCE 80
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RELEVANCE 50