Why Landlords Are Converting Hotels into Apartments

Episode 11 of The Business of Real Estate dives into the growing trend of hotel-to-apartment conversions. Lucas and Luna explore why investors are buying underperforming hotels and turning them into rental housing, using a specific case study: a 1980s-era Holiday Inn in suburban Denver that was recently converted into 180 studio and one-bedroom apartments. They break down the economics, including an average conversion cost of roughly $150,000 per unit versus $350,000 for ground-up construction, and the zoning and financing hurdles involved. The hosts also discuss how this trend is reshaping urban supply in mid-tier markets, touching on the role of adaptive reuse tax credits and the shifting demand from short-term to long-term stays. A fresh angle on a real estate phenomenon that's quietly accelerating in 2026. #HotelToApartment #AdaptiveReuse #RealEstateInvesting #Multifamily #DenverRealEstate #Conversions #HousingSupply #CRE #LandlordStrategy #ZoningReform #TaxCredits #SuburbanRevitalization #Business #FexingoBusiness #BusinessPodcast #RealEstateTrends #HousingCrisis #CommercialRealEstate Keep every episode free: buymeacoffee.com/fexingo