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This long recovery, particularly for luxury and boutique hotels, presents acquisition opportunity scenarios for real estate investors who may be able to reposition the asset as a long-term multifamily asset.
In this episode, we talk about some of the assets classes being looked at for conversion.
Why convert?
Because people always need a roof over their heads. The same Tripp report that found a 19.13% May 2020 delinquency rate for lodging commercial loans also found a 3.25% delinquency rate for multifamily assets. There is a reason for this.