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.
Albuquerque Route 66 Motels Become Affordable Housing
A $4 million city fund is incentivizing developers to breathe new life into derelict midcentury motels.
Texas Legislature’s Surprising Pro-Housing Swing
Smaller homes on smaller lots, office to apartment conversions, and 40% less say for NIMBYs, vote state lawmakers.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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