Why is 2023 the Year of the Hotel Conversion?
Let’s face it, over the last several years, the price of multifamily properties has gone crazy, resulting in many tenants being priced out of the housing market. The demand for lower cost housing has NEVER been stronger than it is now. Recycling existing buildings creates a cost-effective and time-efficient alternative to the housing situation.
WHAT OTHER INVESTMENT VEHICLE GIVES YOU THE OPPORTUNITY TO REDUCE THE CAP RATE (THUS INCREASING THE VALUE) SIMPLY BY CHANGING TTHE ASSET CLASS?
Do not miss this extraordinary opportunity to learn from experts in the H2A space: Charles Dobens, David Peters, and Dr. Alex Cartwright!
Learn More and Register Here!
In this intensive, 3-Day LIVE in person training, you will learn:
Learn the Terms
If you think you are knowledgeable about multifamily investing and can talk shop with the most experienced sophisticated owner/operator, you would be surprised at the new language you will need to know to hold your own at the negotiating table. We will make you fluent in this new language.
Where to Find the Conversion Deals
We will share with you the usual cast of characters to find opportunities but we will also share with you our special places to uncover hotel conversion deals before anyone else can find them. Utilizing the MultifamilyOS marketing tools, we can have you up and running in no time.
What’s the Perfect Conversion
Understanding what types of hotel properties are the best conversion opportunities will speed up your efforts and make best use of your time. We will show you what properties work and what properties never work. Just focus your efforts on the right properties and close your first deal in months.
Capital Sources
Funding and financing a hotel conversion is a different world. We will show you the different debt and equity sources that can help you get across the finish line as well as the ways that we have structured our deals with lenders and investors.
Due Diligence for Hotels
What is your first step after you have successfully negotiated a purchase and sale agreement and are ready to get started? The process for evaluating the property is entirely different. Now you have to take into consideration the zoning laws, the building codes and maybe event the elected officials in that city. We will walk you through the entire process so you are confident when you get started making offers.
The Acquisition Process
Just like many things with converting hotels versus buying a multifamily property, even the contracts are different. Will you use a purchase and sale agreement of is an asset purchase agreement the right contract to use. Do you have to take into consideration the “flag” (see ‘Learn the Terms’ above) or are you dealing with an independent. What about non-compete agreements. The last thing you want to do is to have the seller move his operations across the street along with all his key employees the day after the closing. Trust us, it happens.
And Much Much More . . . .
All Jam-Packed in three-days.
Learn More and Register Here!
