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Updated almost 2 years ago,

Petro B.'s profile image
Petro B.'s profile image
Petro B.
  • Investor
  • from Philadelphia Area
  • Member since Dec 7, 2020
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User Stats

11
Posts
8
Votes
Petro B.'s profile image
Petro B.'s profile image
Petro B.
  • Investor
  • from Philadelphia Area
  • Member since Dec 7, 2020
Connect
Petro B.
  • Investor
  • Philadelphia Area
8
Votes |
11
Posts
Multi-Family and Apartment Investing

Converting Hotels to Multifamily

Petro B.
  • Investor
  • Philadelphia Area
Posted

It looks like the hotel industry would not fully recover for a long time, so what are your thoughts about converting hotels to multifamily? It seems there could be an attractive entry point in this environment. Concentrating on the extended stay hotels that have studio/1-/2-bedroom units with kitchenette could minimize conversion costs. I guess zoning could be an issue, and specific local market conditions could play an important role (not everyone would want to live next to an airport!).  

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