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Updated 12 months ago on .

User Stats

27
Posts
4
Votes
Louis Siano
  • Property Manager
  • Newport, RI
4
Votes |
27
Posts

Hotel conversion into multifamilies

Louis Siano
  • Property Manager
  • Newport, RI
Posted

Looking at several hotels in the area that would be good conversions into multifamily with subsidized/section 8 housing.... some of the rooms are less than 200 sq ft with no kitchenettes... What are some of the concerns I should be aware of when looking to do the conversion? How are the zoning restrictions? Is there a big need for subsidized housing? For Contractors... How much on average per room could I expect for a hotel being converted into a multifamily with 1-bedroom units. Any help would be greatly appreciated!