Boutique Hotel & Micro Resort Investment

We acquire irreplaceable hospitality assets.

Stonemont Capital acquires boutique hotels in supply-constrained markets and creates unique, high-marketability micro resorts where demand far outweighs supply.

Stay in Babia — Luxury Glamping Resort, Montgomery TX

Current acquisition — Stay in Babia, Montgomery TX

$9M+
Personal Portfolio
8
Hotel Investments
23%+
Avg. Target IRR

Boutique assets. Outsized returns.
A category hotels can’t compete in.

Micro resorts occupy a fundamentally different market position than hotels or traditional short-term rentals. They can't be replicated at scale, they command premium rates, and they build loyal direct-booking communities.

Market-specific strategy
For boutique hotels, we target supply-constrained markets where zoning, land scarcity, or regulatory barriers make new competition nearly impossible. For micro resorts, we target markets with strong fundamentals where demand far outweighs supply — and create unique properties with high marketability.
Proven operating assets
Every deal we underwrite has verified revenue history, not projections. Existing occupancy, real guest reviews, and a track record we can stress-test before we close. We don't buy potential — we buy proof.
Value creation through operations & capex
The opportunity is in optimizing what's already working — ADR expansion, direct booking conversion, ancillary revenue — and strategic capital improvements that increase capacity, guest experience, and asset value.

Properties acquired,
operated, and invested.

Stonemont Capital deploys capital into boutique hospitality assets through direct acquisitions and select fund positions. Every investment is underwritten to a minimum 18% IRR.

The Marlo — Solvang, CA
Operating
Solvang, California

The Marlo

Hygge-centered boutique retreat in the heart of Danish California. Renovated rooms and courtyard suites, dog-friendly, walking distance to Solvang’s wine country and village shops.

18%Projected IRR
The Quad — San Antonio, TX
Operating
San Antonio, Texas

The Quad

Direct equity ownership in a 4-unit boutique hospitality property in San Antonio, Texas. First acquisition in the Stonemont portfolio.

31%Realized IRR
Stay in Babia — Montgomery, TX
Under Contract
Montgomery, Texas

Stay in Babia

Luxury glamping resort on 8.14 acres adjacent to Sam Houston National Forest. Five architect-designed A-frame cabins, 4.95-star rating, $390K trailing revenue at 93% occupancy.

19.4%Projected IRR
View Investment Overview →
Black Sands Inn — Shelter Cove, CA
LP Investment
Shelter Cove, California

Black Sands Inn

Boutique inn on the Lost Coast of Northern California. LP equity position. Acquired August 2022.

Acquired 2022LP equity position
Surfbreak Hotel — San Clemente, CA
LP Investment
San Clemente, California

Surfbreak Hotel

Boutique hotel in San Clemente, California’s surf city. LP equity position. Acquired April 2025.

Acquired 2025LP equity position
Sonoma Coast Villa — Bodega Bay, CA
Under Contract
Bodega Bay, California

Sonoma Coast Villa

Boutique villa property on the Sonoma Coast. LP equity position. Under contract April 2026.

Under ContractLP equity position
Gideon Spencer

Gideon Spencer

Gideon Spencer started investing in hospitality assets on the premise that the sector was fundamentally misunderstood — that the real returns weren’t in large hotel flags or institutional multifamily, but in the category between the two: boutique hotels in markets where supply can’t grow, and unique micro resorts built in markets where demand far outweighs what exists.

Over the past several years, he’s built a $9M+ personal portfolio across 8 hotel investments, acquired an operating boutique hotel in Solvang, and has a luxury glamping resort under contract in Montgomery, TX.

Stonemont Capital is where he applies institutional underwriting discipline to that thesis — one deal at a time.

$9M+ personal hospitality portfolio — 8 hotels invested, 1 operating, 1 micro resort under contract

Founder, Incredible Hospitality Mastermind — 38 hotels across the community, 200+ investors trained

Host, Incredible Hospitality Podcast — 86 episodes, 5 stars, 98 ratings

$23M in student deal volume across 200+ STR and boutique hotel investors trained

Talk to us.

If you're interested in boutique hotel or micro resort acquisitions, we'd like to hear from you.

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