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Updated over 3 years ago on . Most recent reply

Cedric Volkmer's profile image
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Cedric Volkmer
  • from Peoria, IL
  • Member since Jun 17, 2021
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Cedric Volkmer's profile image
Cedric Volkmer's profile image
Cedric Volkmer
  • from Peoria, IL
  • Member since Jun 17, 2021
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Cedric Volkmer
  • Peoria, IL
14
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20
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Multi-Family and Apartment Investing

Convert 96 room hotel to multi family

Cedric Volkmer
  • Peoria, IL
Posted

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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Richard Neuharth's profile image
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Richard Neuharth
  • Member since Jul 6, 2021
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Richard Neuharth
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Richard Neuharth
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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. 

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