From $42K to $133K: How Silverhorn Hydeaway Became a Top-Booked Luxury Retreat
From $42K to $133K: How Silverhorn Hydeaway Became a Top-Booked Luxury Retreat
When we first walked into this 3-bedroom Canmore condo, it had everything except charm, light, bookings… and revenue. After years of self-management, tired interiors, dark walls, dated art, and worn bedding, it was bringing in just $42,000 per year — barely enough to justify the effort the owners were putting in.
But we saw what it could become: a bright, modern mountain oasis that families would fight to book — and a stress-free, income-generating asset owners could be proud of.
So we made a bold move: Hydeaway invested $25,000 of our own money upfront to completely reimagine the property, with the owners paying nothing out-of-pocket. What happened next? Let’s just say the results speak for themselves.....
Before: A Dated Rental Struggling to Compete
The unit hadn’t been updated in over 20 years, and it showed:
✔ Dark, closed-in rooms
✔ Tired décor and stale artwork
✔ Old mattresses and flat bedding
✔ Zero emotional appeal in listing photos
✔ Low occupancy and minimal repeat guests
The owners were managing everything themselves — cleaning, guest issues, pricing, bookings — often from overseas. It was exhausting, underwhelming, and far from enjoyable.
Hydeaway Steps In: A Fully Aligned Investment Partnership
We believed in the property so strongly that we covered $25,000 upfront for high-return upgrades, including:
- Complete repaint in a soft, modern white
- Replacement of outdated light fixtures
- Brand-new luxury mattresses and bedding
- Addition of a bunk bed to boost occupancy
- Curated mountain-inspired décor + styling
- Professional photography that finally did the space justice
💡Best part? The owners repaid the cost interest-free over 2.5 years, purely from future guest revenue — meaning nothing came out of their pocket.
After: A Bright, Inviting Hydeaway Retreat
The transformation was immediate and undeniable. Guests now describe the space as bright, cozy, and luxurious — with many even comparing the bedding to “better than the Four Seasons.”
The bunk bed addition made it a more family-friendly listing, improving booking appeal and occupancy. Professional photography brought the listing to life and positioned it alongside top-tier rentals in Canmore.
Results: A Financial + Lifestyle Win
By its second full year with Hydeaway, the property is projected to earn over $130,000 annually — more than 3x its previous revenue.
Year 1: $107,000 (2.5x increase)
Year 2: $133,000+ projected (3.2x increase)
Owner net income (after mngt fees + repayment): +$46,000 more in just two years
Property value increase: Approx. +$300,000 due to stronger STR income & upgrades
It now ranks on Airbnb’s first page as a Guest Favorite, sits in the top 10% of homes, and consistently earns near-perfect 5.0 reviews.
And perhaps the biggest change?
The owners now fly in from London to enjoy six luxurious weeks every fall — and they say they never want to leave.
What the Owners Had to Say
“Hydeaway invested their own money, handled everything, and transformed our condo into one of the top rentals in our building. It now earns more than triple what it did before, and it’s a place we’re truly proud to enjoy ourselves.”
— P. Welsh, Proud Owner of Silverhorn Hydeaway
From Dilapidated to In-Demand — Ready for Your Turn?
If your property feels tired, underbooked, or is simply underperforming, don’t let it stay that way. With the right design strategy, guest experience philosophy, and pricing model, your unit could tell a story just like this one.
📩 Want your own before-and-after success story?
Email us at hello@hydeawaystay.com — let’s explore what’s possible.