5 Star Resort

5 Star Resort Success Stories [2024]

Pat Walls

•

Updated: October 10th, 2024

Picture this: owning a luxurious 5-star resort that offers guests an unforgettable experience. A 5-star resort is a hospitality venture where you provide premium accommodations, fine dining, and world-class amenities in a breathtaking location.

You're not simply running a hotel; you're crafting an exclusive haven where guests can escape and indulge. This involves meticulous planning, from architectural design to selecting top-tier staff who excel in delivering exceptional service.

The charm of owning a 5-star resort lies in creating a destination that travelers rave about. Yes, it demands significant investment and relentless focus on quality, but the return can be as rewarding as the effort put in.

For those passionate about hospitality and high standards, starting a 5-star resort is not just a business venture—it's an opportunity to shape the ultimate travel experience.

In this list, you'll find real-world 5 star resort success stories and very profitable examples of starting a 5 star resort that makes money.

1. Ancient Lore Village ($6M/year)

Tom Boyd, an experienced entrepreneur, came up with the idea for Boyd Hollow Resorts after witnessing intolerance and hatred during his son's campaign for governor. He decided to change the direction of his book and wrote about a place where people could live together in peace and happiness. To test this theory, he decided to build a village called Ancient Lore that would serve as a 5-star boutique resort and event center. The uniqueness of the village has garnered substantial press and early financial success, with over 200 inquiries for events before its official opening in January 2021. Boyd's goal is to build seven more villages over the next five years, with a projected combined income of $76 million.

How much money it makes: $6M/year
How much did it cost to start: $10M
How many people on the team: 3

Starting A 5 Star Boutique Resort And Event Center Based On A Fiction Book Lore

Boyd Hollow Resorts is launching a 5-star boutique resort and event center based on a fiction book that will be the first of many Villages to be built around the world, with over 200 event inquiries received before launching.

Read this case study

Read by 7,730 founders