Thinking About An Apartment Conversion for That Hotel? Commercial Rental Property Meetup June 16

By
Real Estate Agent with National Real Estate Network, LLC
 
Thinking About An Apartment Conversion for That Hotel? Commercial Rental Property Meetup June 16
 
Thinking About An Apartment Conversion for That Hotel?
 
With the housing crisis continuing unabated and hotel rooms sitting empty, people have speculated about the potential of using hotels for housing.
 
Industry experts theorize that there is going to be as much as a 30% to 40% reduction in the asking price of hotels. Here are the facts as cited by experts:
You’ve got business hotels, and no one is traveling for business,
You’ve got affordable, recreational hotels, and no one is traveling for recreation.
 
 
 
 
OPPORTUNITY!!
 
As my guest will share with us, the actual process of converting a hotel into an apartment is more like an adaptive reuse project than an apartment renovation. To be successful Becca states you will need to become familiar with your local planning and zoning regulations before you start your project.
 
Join us Wednesday, June 16th. at 7 PM EDT as my guest, Becca Hintergardt shares her team's story of the Apartment Conversion they are in the middle of right now. She is going to share all the details from the zoning issues to why it took over 4 months to close on this opportunity.
 
 
Becca has been an active investor for over 2 decades, she has invested in multifamily buildings including a San Francisco multi-family condo conversion, a 12 unit multi-family in Kansas City, and 149 units in Longview, Texas. 
 
When: June 16, 2021 
Time: 7:00 PM Eastern Time (US and Canada) 
 
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Comments (2)

Shayne Stone
Champion Real Estate Group - Missouri City, TX
"Your Rock Solid Choice Realtor"

Great information!  Thanks for sharing and have a wonderful day!

Jun 14, 2021 05:57 AM
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

It'll be beneficial for commercial real estate investors to learn about this!

Jun 14, 2021 06:35 PM