As business and leisure travel has diminished during the pandemic, the hospitality sector has been devastated, with an increasing number of hotels facing foreclosure by their lenders. In an attempt to mitigate their losses, many owners are considering repositioning their hotels into another property type, such as senior living communities, affordable housing or rental apartments.
Our panel will discuss evaluating a property’s feasibility for conversion—from examining the local market conditions (e.g., zoning restrictions, market demand, competitive landscape), to the condition of the physical building and tenant spaces, to an analysis of capital improvement costs and repurposing pro forma—in order to help owners make an informed decision on the path forward.
Presenters
- Paul Brussow, Executive Vice President, North America, Rider Levett Bucknall
- Colby Durnin, Chief Executive Officer, Principal, CREDE
- Stan Cairns, Director, NELSON Worldwide
- Raymond A. DiPrinzio, Executive Director and Co-Head of Infrastructure Finance, Sumitomo Mitsui Banking Corporation
Moderator
Charles G. Renner, Partner, Husch Blackwell
Who Should Attend
Owners, C-level, VP, HR, business development, finance, operations and project manager team members of construction companies and engineering firms; public/municipal employees involved in economic development; and financial advisors to municipalities and other political subdivisions.
Continuing Education Credit
This program is pending approval for law practice management credit in Illinois, Missouri and Nebraska. A certificate will be provided for self-reporting in other industries.
Questions? Contact Morgan Buciumean at 303.749.7281.