Changes in tourism and travel behavior and demand are prompting more conversions of hotels to apartments.
Hotel-to-apartment conversion projects are leading the way in the adaptive reuse sector, according to a RentCafe report. “Since these structures are already equipped with plumbing and electrical infrastructure, they offer redevelopers a faster and more cost-effective way to create new housing, compared to other methods.”
“Hotel conversions — such as ArtHaus Jack London in Oakland, California — make up the largest share of deliveries at 4,556 units, up by over 1,000 from the previous year,” writes Mary Salmonsen in Multifamily Dive. Overall, more than 151,000 adaptive reuse units are in development.
“New York City’s Manhattan saw the bulk of adaptive reuse deliveries in 2023, with 733 new units, every one converted from a former hotel. The majority of these apartments came from 525 Lexington Ave, which is now a 655-unit student property.” Los Angeles, with 5,881 units in the pipeline, leads the nation in adaptive reuse permits.
FULL STORY: Hotel conversions take top spot in adaptive reuse
First Hotel Conversion to Begin in New York
A pandemic-era program designed to streamline the conversion of hotels into housing stalled, with the first project just now making its way through the pipeline.
Minnesota Seeks State Support for Office Conversions
The 30% “CUB credit” would support the conversion of buildings 15 years or older into any use that “will return that vacant area to an income-producing, habitable condition.”
Over 71K Office-to-Apartment Units in the Pipeline for 2025
Adaptive reuse projects are continuing to bring thousands of new housing units onto the market as demand for office space remains low.
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
North Texas Transit Leaders Tout Benefits of TOD for Growing Region
At a summit focused on transit-oriented development, policymakers discussed how North Texas’ expanded light rail system can serve as a tool for economic growth.
How Community Science Connects People, Parks, and Biodiversity
Community science engages people of all backgrounds in documenting local biodiversity, strengthening connections to nature, and contributing to global efforts like the City Nature Challenge to build a more inclusive and resilient future.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Dear Tesla Driver: “It’s not You, It’s Him.”
Amidst a booming bumper sticker industry, one writer offers solace to those asking, “Does this car make me look fascist?”
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