Boutique hotels are a unique lodging option. Unlike many hotel chains, which may have hundreds or even thousands of rooms, boutiques are usually smaller, with between 10 and 100 guest rooms, and offer a specialized experience. They may offer specific themes, including quirky options that focus on trends, fandoms, or personal interests.  Increasingly, many travelers are choosing boutique hotels as their lodging option of choice when they’re away from home. Not only that, but some people also even choose to travel to boutique hotels deliberately, selecting their destinations to specifically match the options available. 

Consumer Preferences & Trends in Travel

There are several essential consumer trends that are increasingly influencing the way they connect with their lodging options–and many boutique hotels are ideally positioned to take advantage of those trends.

Personalization

Personalization is a trend that has increasingly made its way across industries–and it has become the bedrock of consumer expectation. Because of their smaller size, boutique hotels are able to offer more personalized experiences, whether that means travel packages specifically designed to speak to the needs of their guests or guest services designed to enhance the overall travel experience. 

Wellness Focus

The health and wellness market has grown substantially, with around 5-10% growth per year over the last several years. More than ever, Gen Z and millennial consumers are paying attention to their health needs, including sleep, fitness, and mindfulness. Many of them don’t lose that focus when they’re traveling. They want healthy meal options, to keep up with their workout routines, or to be able to check out new products that will help them meet their overall goals. Boutique hotels are better able to provide many of those options than their larger counterparts, making them the ideal choice for members of that demographic. 

Technology

Of course, modern travelers expect modern technology in their experience–and many boutique hotels have stepped up to the challenge. Travelers are looking for:

  • Smart rooms
  • Personalized concierge services
  • Mobile check-ins
  • Digital keys
  • Chatbots and virtual connection options
  • Hospitality software that provides a quality experience
  • Digital payment options

Both Hilton and Hyatt, for example, are offering extended convenience options via their apps, including digital check in and checkout experiences as well as concierge planning that allows each guest to make the most of their trips.

Unique Local Experiences

Today’s travelers often seek deeper understanding of and connection with the local area. They want to try out local dishes, explore local sights, and learn more about the local culture. Boutique hotels, rather than providing the same experience to guests no matter where they are, can offer a closer look at and connection to that local culture, whether that means offering local cuisine in the hotel restaurant or tailoring tours to their guests’ interests.  

Boutique Hotels

Challenges for Boutique Hotels

Boutique hotels offer a number of potential advantages to travelers, allowing them to maintain their popularity. However, they also face significant challenges as they work to maintain their place in a competitive market. 

Relevance

Boutique hotels that focus on a specific type of experience can draw a lot of interest and traffic. However, they must pay attention to sustainable trends that are likely to maintain consumer interests. While some themes may draw immediate attention from consumers, including a surge of guests when they first open, they may not continue to draw in that level of traffic over time. In order to maintain their place, boutique hotels should keep the changing needs and interests of their target market in mind. 

Pricing

While travelers are often willing to pay more for the luxury experience offered by boutique hotels, it’s important for those hotels to meet their customers’ needs when it comes to pricing. Increasing the cost of packages too much may decrease overall interest or prevent some consumers from being able to enjoy those experiences, particularly in an economy where prices for everything from food to gas have risen considerably over the past several years. Boutique hotels may need to carefully consider their own budget needs as they work to maintain their place in the market.

Size

Boutique hotels must strike a balance between growing large enough to offer consumers adequate options when they come to stay and ensuring that they continue to offer the smaller, more private experience guests are looking for. Staying small and keeping admission exclusive can go a long way toward helping boutique hotels remain relevant. 

Location

Boutique Hotels

Some boutique hotels become locations all on their own. However, as hotel owners and providers consider new locations, they may need to carefully consider what those locations have to offer. Some travel locations are becoming increasingly popular, meaning a flood of guests to those areas–and in some cases, that can mean that boutique hotels are lost in the shuffle. Others are decreasing in popularity, which means there may not be an adequate tourist base for more hotels in those areas.

Future Trends in the Hotel Industry

Boutique hotels, like other travel industry providers, must carefully consider future trends as they build their business models and determine what consumers are looking for. 

Group Travel

Increasingly, travelers are choosing to go on vacation with larger groups, including friends and family members. Offering options that will allow groups to stay together and make the most of their visit can help boutique hotels remain relevant. Hotels may want to offer something like

  • Large group rates
  • Travel options and support, like shuttles from the airport or rental car options as part of the travel package
  • Group excursion options
  • Access to special areas of your facility
  • Event planning support

Consider what groups are most likely looking for when they visit your hotel, then provide packages and support that will allow them to make the most of it.

Luxury

While many travelers are looking to remain within their budgets, luxury travel options are becoming increasingly important. Boutique hotels that offer that luxury experience are more likely to remain relevant, especially as travelers move away from one-size-fits-all options and increase their overall expectations. Luxury experiences may include:

  • Excursions and adventure
  • Luxury services, including pools, specialty design elements, tours, and more
  • Immersive vacation experiences
  • Enhanced comfort and convenience
  • Spa-like accommodations, including spa bathrooms or on-site spa treatments

Take a look at your target market and how you can tailor your boutique hotel experience to their specific needs.

Sustainability

For many demographics, sustainability has become increasingly important. Modern travelers want to minimize their impact on the world while still making the most of their travel time. Sustainable boutique hotel options may include:

  • More reusable items: for example, many hotels have gone to large toiletry bottles in the shower, rather than individual, single-use items
  • Sustainable hiring and work practices for employees
  • Eco-friendly choices in and around the hotel, including options like farm-to-table service in restaurants

Providing those sustainable options can help shape your brand and interest travelers who are looking for those solutions as part of their travel.

Choose Your Next Boutique Hotel Location

Boutique hotels have become an increasingly important part of the travel industry, and this trend seems to be one that is here to stay. By taking a careful look at the challenges of boutique hotel ownership and considering how boutique hotels can fit current needs within the travel industry, owners can expand their options and reap the benefits.

Are you ready to select your next boutique hotel location? Contact us to discuss the options available on the market and how you can make the most of your next property purchase.

Marketing Manager

Jourdyn Wigg

Jourdyn leads the strategic marketing initiatives for NewGen Advisory, overseeing brand development, market positioning, communications, and business growth efforts across the firm.

With more than a decade of experience in marketing and business development, Jourdyn specializes in building brands, creating demand-generation strategies, developing thought leadership programs, and executing integrated marketing campaigns that drive measurable business results. Her expertise spans digital marketing, public relations, content strategy, events, social media, lead generation, and corporate communications.

At NewGen, Jourdyn is responsible for shaping and executing the firm’s marketing strategy, ensuring consistent brand visibility across all channels while supporting advisors, clients, and strategic initiatives nationwide. She works closely with leadership to develop campaigns, elevate industry presence, strengthen client engagement, and position NewGen as a trusted advisor within the hospitality investment sector.

Jourdyn holds a Bachelor of Arts in Mass Communication and Media Studies from Arizona State University and a Master of Business Administration (MBA) with an emphasis in Marketing from Grand Canyon University.

Most mornings you’ll find Jourdyn in the gym before sunrise and spending time with her husband and children. 

Pipeline & Transaction Assistant

Allysia Howerton

Allysia Howerton joined NewGen Advisory in 2026 as a Pipeline & Transaction Assistant, relocating from St. Louis, MO to Arizona to take on the role. She brings a background spanning property management, client services, sales, and administrative leadership, with a track record of managing complex workflows and keeping transactions moving efficiently from inception to close.

Known for her organization, attention to detail, and relationship-driven approach, Allysia supports transaction management, pipeline coordination, and day-to-day brokerage operations — and is passionate about growing her career within the hospitality real estate industry.

Outside of work, she enjoys discovering new coffee shops and restaurants, traveling to experience new cultures, and spending time with her dogs.

Real Estate Assistant

Josie Numendahl

2 years

Josie Numedahl joined NewGen Advisory in July 2024 as a Real Estate Assistant (REA). Originally from Iowa, she relocated to Arizona to pursue her education, graduating from Grand Canyon University in 2022 with a Bachelor’s degree in Marketing and Advertising.

Josie began her professional career as a recruiter in the finance and accounting sector, and brings that client-facing, detail-oriented background to her work at NewGen.

Outside of work, she enjoys reading, hiking, exploring local coffee shops, and spending time with friends.

Senior Accountant

Anthony Lepore

X years

Anthony is the Staff Accountant for NewGen Worldwide, LLC and its subsidiaries Green Card Fund, LLC and NewGen Advisory, LLC, working directly under CFO Michael Lepore to handle day-to-day accounting functions across all NewGen operations.

Green Card Fund (greencardfund.com) is a USCIS-recognized EB-5 Regional Center authorized to raise foreign capital for domestic development projects. EB-5 investors fund community-need projects and receive an immigration benefit in exchange for job creation. To date, GCF has facilitated over $125 million in foreign direct investment, delivered immigration benefits to more than 250 families, and created over 2,500 jobs in healthcare, education, and hospitality across Arizona and Washington, D.C.

NewGen Advisory (newgenadv.com) is a full-service commercial real estate brokerage specializing in hospitality assets.

Prior to joining NewGen, Anthony completed coursework at Paradise Valley Community College before co-founding a family business that produced custom-wrapped die-cast model cars for corporate clients — handling vehicle customization, display stands, and branded packaging. Serving as Director of Operations, he gained hands-on experience in management, production workflows, and running a business from the ground up.

Outside of work, Anthony is a lifelong ice hockey player with a passion for motorsports — particularly motocross and classic cars. Among his favorites: the 1963 C2 Corvette Sting Ray, the 1965 Shelby Cobra S/C, and the 1971 Plymouth Hemi ‘Cuda. He hopes to one day own and operate a bookkeeping firm serving small businesses.

Director of Operations

Nicholas Renckens

X years

Nick serves as Director of Operations for NewGen Worldwide and NewGen Advisory, bringing a detail-oriented, forward-thinking approach to supporting the company’s continued growth. A Minneapolis native, Nick studied at Denison University and the University of Minnesota before making his way to Arizona, where he now lives in Mesa.

He spent a decade in the hospitality industry as a server, bartender, and restaurant manager — hands-on experience that gave him a strong operational foundation and a natural fit within NewGen’s hospitality-focused business.

Outside of work, Nick is an avid writer with a passion for art, photography, and travel, and enjoys documenting his experiences through the lens.

Chief of Staff

Nycole Gonsalves

X years

Nycole serves as Chief of Staff at NewGen Advisory, where she trains and manages the Real Estate Assistant (REA) team. She works closely with REAs to ensure agents receive consistent, high-quality support throughout every stage of a deal — from contract to close.

Alongside the Office Manager, Nycole leads onboarding for new agents, REAs, and team members across NewGen Worldwide’s subsidiaries, and has developed a training library to streamline the process for incoming staff. She is also actively involved in evaluating and implementing new platforms to improve agent and REA workflows, while providing leadership with the data needed to monitor KPIs and track revenue goals.

Her background in franchise operations management — spanning startups to scaling franchises — makes her a versatile and valuable member of the NewGen team.

Chief Financial Officer

Michael Lepore

20+ years

Michael is the Chief Financial Officer of NewGen Worldwide, LLC and its subsidiaries Green Card Fund, LLC and NewGen Advisory, LLC — a diversified real estate investment and capital solutions firm focused on creative, flexible solutions. Michael and his team oversee day-to-day accounting, budgeting, forecasting, and financial modeling across all NewGen operations.

Green Card Fund (greencardfund.com) is a USCIS-recognized EB-5 Regional Center authorized to raise foreign capital for domestic development projects. EB-5 investors fund community-need projects and receive an immigration benefit in exchange for job creation. To date, GCF has facilitated over $125 million in foreign direct investment, delivered immigration benefits to more than 250 families, and created over 2,500 jobs in healthcare, education, and hospitality across Arizona and Washington, D.C.

NewGen Advisory (newgenadv.com) is a full-service commercial real estate brokerage specializing in hospitality assets.

Prior to joining NewGen, Michael built over 20 years of experience in accounting, tax, and operations management serving small to mid-sized businesses. He holds active CPA licenses in both New York and Arizona. His career spans public accounting — including a role as Audit Manager at PricewaterhouseCoopers — as well as private accounting and business ownership, giving him a broad, hands-on command of accounting and management functions. That dual perspective allows him to bring both tax strategy and business strategy to bear when evaluating financial decisions. He is a member of the American Institute of Certified Public Accountants (AICPA) and the Arizona Society of Certified Public Accountants (ASCPA).

A proud Italian-American, Michael lives in Scottsdale with his wife, Patty, and their three children, Alyssa, Anthony, and Joey. Outside of work, he coaches ice hockey and has a passion for cooking Italian food.

Co-Founder and Principal

Kyle Walker

X years

Kyle is a co-founder, Principal, and Chief Executive Officer of NewGen Worldwide, LLC and its subsidiaries Green Card Fund, LLC and NewGen Advisory, LLC — a diversified real estate investment firm focused on creative, flexible solutions. Beyond his broad responsibilities as CEO, Kyle’s primary focus is leading Green Card Fund, developing and implementing capital solutions domestically and internationally, and identifying attractive investment opportunities.

Green Card Fund (greencardfund.com) is a USCIS-recognized EB-5 Regional Center authorized to raise foreign capital for domestic development projects. EB-5 investors fund community-need projects and receive an immigration benefit in exchange for job creation. To date, GCF has facilitated over $125 million in foreign direct investment, delivered immigration benefits to more than 250 families, and created over 2,500 jobs in healthcare, education, and hospitality across Arizona and Washington, D.C.

NewGen Advisory (newgenadv.com) is a full-service commercial real estate brokerage specializing in hospitality assets — a natural evolution of NewGen Worldwide’s business model, built on business partners Girish Patel and Dan Rama’s lifetime experience in the industry. Kyle’s financial acumen and creative approach to structuring deals help NewGen Advisory clients identify and secure profitable opportunities.

Kyle earned a B.A. in Interdisciplinary Studies from Arizona State University with a focus in Business and Urban Planning. He has long been involved with the Greater Phoenix Economic Council’s (GPEC) International Leadership Council, and in 2016 was elected to the Board of Directors of Invest in the USA (IIUSA), the national EB-5 trade association, where he actively contributes to legislative reform efforts and the permanent reauthorization of the EB-5 program.

Kyle splits his time between company offices in Phoenix, AZ and Washington, D.C. Outside of work, he is an avid reader, global traveler, and snowboarder — and after logging over a million miles as a passenger, he has recently taken to the cockpit, learning to fly himself.

Co-Founder and Principal

Girish Patel

20+ years

Girish Patel is a co-founder and Principal of NewGen Worldwide, LLC and its subsidiaries Green Card Fund, LLC and NewGen Advisory, LLC — a diversified real estate investment and capital solutions firm focused on creative, flexible solutions across hospitality and healthcare. Among his core responsibilities are leading strategic initiatives, overseeing financial management, and driving real estate investment acquisitions.

Green Card Fund (greencardfund.com) is a USCIS-recognized EB-5 Regional Center authorized to raise foreign capital for domestic development projects. EB-5 investors fund community-need projects and receive an immigration benefit in exchange for job creation. To date, GCF has facilitated over $125 million in foreign direct investment, delivered immigration benefits to more than 250 families, and created over 2,500 jobs in healthcare, education, and hospitality across Arizona and Washington, D.C.

NewGen Advisory (newgenadv.com) is a full-service commercial real estate brokerage specializing in hospitality assets — a natural evolution of NewGen Worldwide’s business model, grounded in Girish’s and business partner Dan Rama’s lifetime experience in the industry. Having grown up in his family’s hotel business as an immigrant, Girish developed a bottom-up understanding of hospitality — mastering operations before becoming an investor, lender, and consultant. That ground-level perspective, tested across multiple economic cycles, underpins his 20+ years as a successful business owner and brings a distinctive depth of insight to NGA’s clients and investors.

Committed to continuous learning and giving back, Girish established the RC Patel Memorial Scholarship for students pursuing careers in real estate investment. He also serves on the Board of Directors of Global Ties Arizona, an organization that strengthens international relationships by making exchange programs more impactful.

Co-Founder, Principal and Managing Broker

Dinesh “Dan” Rama

X years

Dan is a co-founder and Principal of NewGen Worldwide, LLC and its subsidiaries Green Card Fund, LLC and NewGen Advisory, LLC — a diversified real estate investment and capital solutions firm focused on creative, flexible solutions. His primary role is leading NewGen Advisory and serving as its Designated Broker in Arizona.

Green Card Fund (greencardfund.com) is a USCIS-recognized EB-5 Regional Center authorized to raise foreign capital for domestic development projects. EB-5 investors fund community-need projects and receive an immigration benefit in exchange for job creation. To date, GCF has facilitated over $125 million in foreign direct investment, delivered immigration benefits to more than 250 families, and created over 2,500 jobs in healthcare, education, and hospitality across Arizona and Washington, D.C.

NewGen Advisory (newgenadv.com) is a full-service commercial real estate brokerage specializing in hospitality assets — a natural evolution of NewGen Worldwide’s business model, built on Dan’s and business partner Girish Patel’s lifetime experience in the industry. Throughout his career, Dan has been involved in the disposition of over $600 million in hospitality assets, advising clients on acquisitions, mergers, and divestitures across the United States.

Dan began his career as a hotel operator and owner in 1994 following his studies at the University of Arizona, going on to build a portfolio as a franchisee of Red Brick Pizza, Holiday Inn, Ramada Inn, and Comfort Suites. He holds General Manager Certifications from Holiday Inn, Motel 6, and Days Inn, and is a Certified Hotel Owner (CHO) with a Certification for Hotel Industry Analytics (CHIA).

Beyond his company responsibilities, Dan is an active industry voice. He serves as an Ambassador with the Asian American Hotel Owners Association (AAHOA) — the largest hospitality owners association in the U.S. — and previously served as its Southwest Regional Director. He also sits on the Board of Directors of the Arizona Lodging and Tourism Association (AZLTA).

Dan lives in Gilbert, AZ with his wife, Chetna, their son Suraj, and their daughter Sonya. Outside of work, he enjoys golf and cheering on the Denver Broncos.

Chief Executive Officer · Chief Legal Officer

Suraj Bhakta

15+ years

Suraj is the Chief Legal Officer of NewGen Worldwide, LLC and a member of its senior leadership team, where he contributes to the operational management and strategic planning of the company and its subsidiaries — including Green Card Fund and NewGen Advisory. NewGen Worldwide is a diversified firm engaged in real estate investments, creative capital solutions, and advisory services for the entrepreneurial investor.

Suraj first served as outside counsel for Green Card Fund and NewGen Worldwide from 2008 to 2014 before joining the organization as Chief Legal Officer. In this role, he leads the company’s legal, regulatory, and corporate governance functions, with responsibility spanning real estate, risk management, contractual relations, and investment strategies. He also oversees the business administration of NewGen Advisory, a full-service commercial real estate brokerage specializing in hospitality assets.

Prior to joining NewGen, Suraj was Managing Partner of Bhakta & Associates, PLLC, a full-service business law firm where he represented a broad range of clients across acquisitions and sales, corporate structuring, contracts, franchise law, development and construction, and equity and debt financing.

A native of Ohio, Suraj graduated from The Ohio State University in 1999 with a B.S. in Business Administration and earned his J.D. from Case Western Reserve University in 2002. He resides in Peoria, AZ with his wife, Neena, and their two sons, Shiv and Soham.