Evan Rundle
I help STR operators go from scattered listings to scalable hotel models, while accredited investors gain access to boutique hotel opportunities—without the stress of managing operations.
I help STR operators go from scattered listings to scalable hotel models, while accredited investors gain access to boutique hotel opportunities—without the stress of managing operations.
Evan Rundle
First generation on my Dad’s side.
Second generation on my Mom’s side.
Grateful every day—but especially today—for the amount of sacrifice that had to happen, and continues to happen, to be born in The USA, and for the freedom that comes with that privilege.
Freedom to think, speak, dream, build, and create endless opportunities for myself and my loved ones.
Freedom ain’t free, and I honor those who’ve made it possible.
HAPPY BIRTHDAY AMERICA!! 🇺🇸
#HappyJuly4th #July4th2025
10 months ago | [YT] | 0
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Evan Rundle
Why Boutique Hotels Are the Next Big Thing for Airbnb Investors — From My Experience
Earlier this month, I had the opportunity to speak at the San Diego Creative Investors Association (SDCIA) event at Marina Village Convention Center. As the CEO of NOVIQ and one of San Diego’s most active short-term rental operators, I shared something I truly believe: Boutique hotels are the future of Airbnb.
In my talk, “From STR Operator to Boutique Hotel Fund: The Evolution of Done-For-You Airbnb,” I walked attendees through the wild journey—from starting with a single arbitrage unit to now managing over $100M in real estate assets and welcoming over 1 million guests.
💡 Key Takeaways from My Talk
✅ Why Boutique Hotels Are Winning
I broke down the major advantages of boutique hotels over traditional short-term rentals:
Operational efficiency: One building, many doors. Simpler operations, lower overhead.
Regulation-resistant: Hotels are zoned “by right.” Unlike Airbnbs, we’re not capped by license limits.
Economies of scale: Shared cleaning crews, centralized amenities, one ops team.
Flexible guest management: Self check-in/out and easy room swaps when needed.
Revenue stacking: Events, community partnerships, and premium upsells.
We’ve evolved beyond the typical Airbnb host model. At this scale, it’s real hospitality—and boutique hotels are the perfect container.
🏨 Real Case Studies: What We’ve Built at NOVIQ
I showcased three of our boutique hotel projects:
La Ventana (Gaslamp Quarter) – A 21-unit property delivering a 22.31% IRR on a $300K investment.
Balboa Park Hotel – A 49-unit undergoing reno while already cash-flowing.
The Dalton – A flagship mixed-use project in San Diego’s Gaslamp with six luxury penthouse suites and 6,400+ SF of commercial space.
We’re targeting 20–24% IRRs with 2.5x+ equity multiples for our investors. And that’s why I invited attendees to take a look at our next move—NOVIQ’s Hotel Fund, built to open up passive access to high-yield hospitality real estate.
📈 From Airbnb to Boutique Hotels: The Inevitable Shift
I didn’t sugarcoat anything. The STR game is changing:
“Cities are capping licenses. Guest expectations are rising. And the top operators? They’re quietly becoming hotel owners.”
Airbnb’s DIY era is fading. It’s about hospitality systems now. And if you’re serious about scale, boutique hotels are the next natural step.
💼 How to Get Started—Your Way In
I laid out several ways to get involved in this wave:
Co-hosting – Partner with someone like me to optimize your STR.
Master leasing – Control properties without buying them.
Syndication – Pool funds into bigger, high-yield hospitality assets.
Hotel Fund – Go fully passive and let my team do the work.
📌 Final Thought
If you’re hunting for your next big investment—or want to scale your Airbnb business without more hours—boutique hotels might be your buy box.
And if you’re looking for a done-for-you path? That’s exactly what we’ve built at NOVIQ.
10 months ago | [YT] | 0
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