Hotel conversions to multi family

[Chris Walsh]

There is an affordable housing crisis in the country. There are hotels for sale all over the country sometimes for as little as $10,000 per door. The conversion to multifamily is relatively easy. Are there any lenders out there that have experience with this and the appetite to fund the purchase and conversion? 

[Matthew Paul]

What makes you think converting a hotel to multi family will be easy ?  Most hotels dont have kitchens in the rooms , water heaters , rooms are small , electric isnt metered per unit . I see a major project