Has anyone converted a hotel into MTR?

[Corey Conklin]

I have an opportunity to acquire a smaller hotel (56 rooms) that needs a full renovation in a smaller market in Oklahoma (town of about 30k people). It seems like this door count wouldn't work well to convert it back to a standard hotel and I've thought about converting it to a MTR. 

I see a lot of people do this with single family but wondered if there was anyone who has done a hotel conversion into a MTR.

Any help would be great!

[Andrew Bosco]

What is the local economy like to support this? You should look at if the area could support this many hotel rooms as such. Can you connect with local businesses to establish partnerships? 

Try these links to give yourself some data driven insight. 

1. Furnished Finder - General MTR Data
   1. Furnished Finder Traveler Search - manual way to see the competition
   2. Furnished Finder Budget Tool - Good overview of market. Similar to A, but with stipend input