The Hotel-to-Apartment Strategy That Turned $8.5M Into $18.9M in 19 Months | Ryan Sudeck E78

What if the most overlooked apartment deal in your market is already built, it's just flagged as a hotel?In this episode, you'll discover how a valuation gap between hotels and multifamily creates forced equity of 40 to 50% before you change a single wall, and why most investors completely miss it.A CEO who has completed over 30 hotel-to-apartment conversions across six states joins us to break down the exact strategy his firm has used to generate a 20% annualized return since inception. Ryan Sudeck and his team at Sage Investment Group turned an $8.5M distressed hotel into $18.9M in 19 months with a 38% annualized return and have since scaled the model to over 3,000 units and 500 investors.In this episode, you'll discover:Why a hotel trading at a 12 cap automatically becomes more valuable the moment you convert it to residential, and how to calculate the forced equity before you buyThe exact buy box Sage uses: room count, location signals, and the zoning step that most investors skip, which kills dealsHow to identify hotels in the "death spiral" before they hit the market and why Sage rarely buys on-marketThe invasive due diligence process they use to eliminate budget blowouts behind the wallsWhy the evergreen fund model outperforms syndications for this strategy, and how distributions work from day oneThe community impact case study in Tacoma that took a street responsible for 10% of Washington state murders to zero violent crimeIf you're a hotel investor, a multifamily operator, or someone sitting on capital looking for a differentiated real estate strategy, this episode will change how you look at every distressed property you drive past. Don't miss the valuation math breakdown in the first ten minutes; it's genuinely one of the clearest arbitrage setups we've had on this show.If you found value in this episode, take 30 seconds to leave us a review here. It helps more people find the podcast and keeps us bringing on great guests.Connect with Ryan SudeckWebsite: http://sageinvestment.comEmail: [email protected]: https://www.linkedin.com/in/ryansudeck/Connect with Michael on Instagram or LinkedIn.Email Us at [email protected] the Hotel Investor Playbook InstagramInvest with Malama CapitalSubmit a deal