Hotel conversions before and during COVID

The pandemic and partial economic shutdown didn’t trigger the expected financial distress and fire sale of hotel properties. Still, hotel conversions march on, albeit at a slower pace than anticipated. Where are the opportunities in hotel conversions? To what uses are hotels being converted into? And what rates of returns are being realized? Mike Zlotnik, a software executive turned real estate fund manager, joins the program to discuss his perspective on the hotel conversion market. (05/2021)