Hotel Conversion to Assisted Living
Converting a hotel or motel to Assisted Living or better yet to Alzheimer's Care Facility seems to be a much higher and better use for hotels these days. The NOI is far greater if you economically make the conversion. In my area it requires a Conditional Use Permit which is subject to a public hearing and also the local Building Dept gets into the act as well and can require the hotel be mofified for its' new use which can kill the deal if the modifications are too expensive. Has anyone ever done a successful conversion or have you found it possible to convert buildings other than hotels to Assisted Living without having to go through all this? :roll: :mrgreen: :D