
The Holly Park Square Portfolio
The Situation
Holly Park Square arrived to us as eight units inside a larger 66-unit multifamily asset — un-launched, unbranded, and generating zero short-term rental revenue. The ownership group needed a partner who could underwrite the opportunity, launch it from scratch, and operate it with the same discipline they applied to the rest of the portfolio.
This was not a turnaround. It was a build: pricing strategy, listing architecture, guest operations, and asset protection, all established from a blank slate across a live, occupied property.
The Approach
We priced against real comparable one-bedroom inventory in the immediate submarket — not blanket algorithmic suggestions — and rebuilt each listing around the signals that actually move Airbnb and VRBO search ranking: response time, photography sequencing, and review velocity.
Turnovers were run to a hotel-grade standard from day one, with vendor relationships negotiated at cost — no markups passed to the owner. The goal was never occupancy for its own sake; it was occupancy that protected the asset the yield was built on.
The Results
Over 39 months, the eight-unit program generated $330,852 in owner earnings from a zero-revenue starting point, while running $20 above comparable one-bedroom ADR and 30 percentage points above comparable occupancy in the same submarket.
The underlying 66-unit asset held 87% occupancy across the engagement — a signal that the short-term rental program strengthened the broader property rather than competing with it.
“Without the first six units that you guys did, we would have never been able to get the publicity.”
— Wendy Kennedy, Property Manager