Converting Hotels to Apartments

[Owen Dashner]

BP Nation,

I am closing on my first hotel conversion on Halloween in Branson, MO, and I am just looking to network with some other investors in this space, hear about your experiences, and share ideas.

My project will be converting a 152 room hotel into 143 units (6 buildings), mostly studios and 1 bed units.  Heavy lift on the construction side with fire suppression and electrical upgrades eating up a lot of the budget.  Fortunately, we were able to get the property under contract for a steal ($10K/door).  Would love to hear from others!

Thanks!

Owen