Updated about 4 years ago on . Most recent reply
Convert 96 room hotel to multi family
Has anybody done a conversion from a hotel to multi family? There is a 96 room hotel for sale and I was just wondering if anybody has done it and if it something to pursue!
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There are definitely people doing this. We have come across quite a few in larger markets. It seems like a decent way to increase the quantity of C Class properties if it is done right. I would be interested though if the returns are still there with the cost of materials lately.