Why Hotel Conversions?
A massive housing shortage and increased competition in the multifamily investment market have driven the prices of apartment complexes extremely high. At the same time, the hospitality market has been volatile in recent years with COVID, staffing shortages, inflation, and recession fears. As a result, many hotels can be purchased for much cheaper prices than similarly sized apartment buildings.
Buying hotels and converting them into apartments allows us to end up with multifamily assets for significant discounts compared to buying buildings that were already multifamily assets.
REGISTER FOR OUR ONLINE MEETING
HERE
1 Febuary at 7pm to 9pm Online via Zoom
Our speaker is Alexander Cartwright. Alexander is Managing Partner at Vilicus Capital where he is responsible for managing the firms' strategy, market analysis, and underwriting.
Alex is also Associate Professor of Economics
& Chair of the Management Department at Ferris State University where he teaches classes on Managerial Economics, Economic Growth, and International Business. He has published many peer reviewed papers in leading economics journals, law journals and national newspapers. He is also an affiliated scholar with multiple think-tanks and has served as an Economic advisor to congressional candidates in Peru!