Reimagining Small Hotels: A Pathway to Affordable Housing

The global housing landscape is undergoing a revolution and it’s time we start paying attention. As real estate professionals, we need to explore innovative strategies that can create win-win situations for property owners, residents, and the broader community. One approach is the conversion of small hotels into affordable housing – a game changer that’s not only promising but also viable and increasingly necessary.

The Affordable Housing Crisis

Before delving into the intricacies of hotel conversions, it’s important to establish the context. The lack of affordable housing is a global crisis that’s becoming more acute with time. According to a 2022 report from the National Low Income Housing Coalition, there’s a shortage of 7 million affordable and available rental homes for low-income households in the US alone.

Increasing urbanization and growth in property prices have pushed affordable housing out of the reach of many. A paradigm shift is needed – one that leverages existing infrastructure and resources in new ways. This is where small hotels come into the picture.

Small Hotels: An Untapped Resource

As the pandemic reshaped the travel and tourism industry, many small hotels found themselves struggling to maintain profitability. These establishments, often well-equipped with individual rooms, private bathrooms, and sometimes even kitchenettes, present a largely untapped resource for conversion into affordable housing units.

The conversion of underused small hotels into affordable apartments isn’t merely a theoretical proposition; it’s already underway in several areas. The city of San Francisco, for instance, has purchased hotels to convert them into permanent supportive housing. In fact, Project Homekey, a California statewide initiative, has acquired more than 94 hotels and motels, creating over 6,000 units of permanent, long-term housing for the homeless.

The Advantages of Hotel-to-Apartment Conversions

1. Speed and Cost Efficiency

Converting a hotel into an apartment complex is generally faster and less expensive than building a new property from scratch. According to a case study from Enterprise Community Partners, conversion projects can be up to 50% faster than new construction. This is primarily because the basic infrastructure is already in place – rooms, plumbing, electrical, common areas, and in many cases, even furnishing. These elements significantly reduce both the construction time and costs.

2. Location and Amenities

Small hotels often have central locations, bringing residents closer to work, transportation, schools, and essential amenities. Additionally, many hotels provide facilities like communal spaces, laundry services, and Wi-Fi – all elements that can enhance the quality of life for residents in affordable housing.

3. Economic and Environmental Sustainability

Conversion projects can reduce urban sprawl, promote sustainable growth, and contribute to revitalizing urban areas. By repurposing existing structures, we not only cut down on construction waste but also conserve resources that would otherwise be used in new building projects. According to a report from Preservation Green Lab, building reuse typically offers greater environmental savings than demolition and new construction.

4. Community Development and Social Equity

By providing affordable housing, these converted hotels can foster more diverse and inclusive communities. They provide low-income residents with access to better living conditions and reduce the displacement often caused by gentrification.

Implications of Hotel-to-Apartment Conversions

While the conversion of small hotels into affordable housing presents immense benefits, it does come with its unique challenges and implications.

Regulatory Challenges

Each city has its own set of zoning laws and building codes. In many cases, these laws need to be adapted or exceptions need to be made to facilitate such conversions. A collaborative effort from policy makers, city planners, and real estate developers is crucial to navigate this regulatory landscape.

Financial Feasibility

While conversion is often cheaper than new construction, it still requires substantial funding. Real estate developers need to work in tandem with public entities and nonprofits to secure funds. Grant programs, low-interest loans, and tax incentives can help bridge this financial gap.

Social Impact

Converting hotels into affordable housing doesn’t just impact the physical cityscape but also the social fabric. There could be pushback from certain sections of the community fearing changes in their neighborhoods. Transparent communication and community engagement are key in managing these concerns and promoting the broader benefits of such projects.

Maintenance and Management

Hotels-turned-apartments will require ongoing maintenance and management, which can pose operational challenges. However, the rising popularity of professional property management companies and advances in smart home technology can significantly help in this regard.

Concluding Thoughts

In the face of the affordable housing crisis, the conversion of small hotels into apartments presents an innovative solution that taps into existing resources. This strategy represents a win-win solution for hotel owners, residents, and the broader community, addressing urgent housing needs while also contributing to urban revitalization and environmental sustainability.

As real estate experts, we must promote and facilitate such creative solutions. It’s about time we rethink our strategies and embrace the potential in the spaces that surround us. With the right approach and collaboration, we can turn the global housing crisis around, one hotel conversion at a time.

The global housing landscape is undergoing a revolution and it’s time we start paying attention. As real estate professionals, we need to explore innovative strategies that can create win-win situations for property owners, residents, and the broader community. One approach is the conversion of small hotels into affordable housing – a game changer that’s not only promising but also viable and increasingly necessary.

The Affordable Housing Crisis

Before delving into the intricacies of hotel conversions, it’s important to establish the context. The lack of affordable housing is a global crisis that’s becoming more acute with time. According to a 2022 report from the National Low Income Housing Coalition, there’s a shortage of 7 million affordable and available rental homes for low-income households in the US alone.

Increasing urbanization and growth in property prices have pushed affordable housing out of the reach of many. A paradigm shift is needed – one that leverages existing infrastructure and resources in new ways. This is where small hotels come into the picture.

Small Hotels: An Untapped Resource

As the pandemic reshaped the travel and tourism industry, many small hotels found themselves struggling to maintain profitability. These establishments, often well-equipped with individual rooms, private bathrooms, and sometimes even kitchenettes, present a largely untapped resource for conversion into affordable housing units.

The conversion of underused small hotels into affordable apartments isn’t merely a theoretical proposition; it’s already underway in several areas. The city of San Francisco, for instance, has purchased hotels to convert them into permanent supportive housing. In fact, Project Homekey, a California statewide initiative, has acquired more than 94 hotels and motels, creating over 6,000 units of permanent, long-term housing for the homeless.

The Advantages of Hotel-to-Apartment Conversions

1. Speed and Cost Efficiency

Converting a hotel into an apartment complex is generally faster and less expensive than building a new property from scratch. According to a case study from Enterprise Community Partners, conversion projects can be up to 50% faster than new construction. This is primarily because the basic infrastructure is already in place – rooms, plumbing, electrical, common areas, and in many cases, even furnishing. These elements significantly reduce both the construction time and costs.

2. Location and Amenities

Small hotels often have central locations, bringing residents closer to work, transportation, schools, and essential amenities. Additionally, many hotels provide facilities like communal spaces, laundry services, and Wi-Fi – all elements that can enhance the quality of life for residents in affordable housing.

3. Economic and Environmental Sustainability

Conversion projects can reduce urban sprawl, promote sustainable growth, and contribute to revitalizing urban areas. By repurposing existing structures, we not only cut down on construction waste but also conserve resources that would otherwise be used in new building projects. According to a report from Preservation Green Lab, building reuse typically offers greater environmental savings than demolition and new construction.

4. Community Development and Social Equity

By providing affordable housing, these converted hotels can foster more diverse and inclusive communities. They provide low-income residents with access to better living conditions and reduce the displacement often caused by gentrification.

Implications of Hotel-to-Apartment Conversions

While the conversion of small hotels into affordable housing presents immense benefits, it does come with its unique challenges and implications.

Regulatory Challenges

Each city has its own set of zoning laws and building codes. In many cases, these laws need to be adapted or exceptions need to be made to facilitate such conversions. A collaborative effort from policy makers, city planners, and real estate developers is crucial to navigate this regulatory landscape.

Financial Feasibility

While conversion is often cheaper than new construction, it still requires substantial funding. Real estate developers need to work in tandem with public entities and nonprofits to secure funds. Grant programs, low-interest loans, and tax incentives can help bridge this financial gap.

Social Impact

Converting hotels into affordable housing doesn’t just impact the physical cityscape but also the social fabric. There could be pushback from certain sections of the community fearing changes in their neighborhoods. Transparent communication and community engagement are key in managing these concerns and promoting the broader benefits of such projects.

Maintenance and Management

Hotels-turned-apartments will require ongoing maintenance and management, which can pose operational challenges. However, the rising popularity of professional property management companies and advances in smart home technology can significantly help in this regard.

Concluding Thoughts

In the face of the affordable housing crisis, the conversion of small hotels into apartments presents an innovative solution that taps into existing resources. This strategy represents a win-win solution for hotel owners, residents, and the broader community, addressing urgent housing needs while also contributing to urban revitalization and environmental sustainability.

As real estate experts, we must promote and facilitate such creative solutions. It’s about time we rethink our strategies and embrace the potential in the spaces that surround us. With the right approach and collaboration, we can turn the global housing crisis around, one hotel conversion at a time.

The global housing landscape is undergoing a revolution and it’s time we start paying attention. As real estate professionals, we need to explore innovative strategies that can create win-win situations for property owners, residents, and the broader community. One approach is the conversion of small hotels into affordable housing – a game changer that’s not only promising but also viable and increasingly necessary.

The Affordable Housing Crisis

Before delving into the intricacies of hotel conversions, it’s important to establish the context. The lack of affordable housing is a global crisis that’s becoming more acute with time. According to a 2022 report from the National Low Income Housing Coalition, there’s a shortage of 7 million affordable and available rental homes for low-income households in the US alone.

Increasing urbanization and growth in property prices have pushed affordable housing out of the reach of many. A paradigm shift is needed – one that leverages existing infrastructure and resources in new ways. This is where small hotels come into the picture.

Small Hotels: An Untapped Resource

As the pandemic reshaped the travel and tourism industry, many small hotels found themselves struggling to maintain profitability. These establishments, often well-equipped with individual rooms, private bathrooms, and sometimes even kitchenettes, present a largely untapped resource for conversion into affordable housing units.

The conversion of underused small hotels into affordable apartments isn’t merely a theoretical proposition; it’s already underway in several areas. The city of San Francisco, for instance, has purchased hotels to convert them into permanent supportive housing. In fact, Project Homekey, a California statewide initiative, has acquired more than 94 hotels and motels, creating over 6,000 units of permanent, long-term housing for the homeless.

The Advantages of Hotel-to-Apartment Conversions

1. Speed and Cost Efficiency

Converting a hotel into an apartment complex is generally faster and less expensive than building a new property from scratch. According to a case study from Enterprise Community Partners, conversion projects can be up to 50% faster than new construction. This is primarily because the basic infrastructure is already in place – rooms, plumbing, electrical, common areas, and in many cases, even furnishing. These elements significantly reduce both the construction time and costs.

2. Location and Amenities

Small hotels often have central locations, bringing residents closer to work, transportation, schools, and essential amenities. Additionally, many hotels provide facilities like communal spaces, laundry services, and Wi-Fi – all elements that can enhance the quality of life for residents in affordable housing.

3. Economic and Environmental Sustainability

Conversion projects can reduce urban sprawl, promote sustainable growth, and contribute to revitalizing urban areas. By repurposing existing structures, we not only cut down on construction waste but also conserve resources that would otherwise be used in new building projects. According to a report from Preservation Green Lab, building reuse typically offers greater environmental savings than demolition and new construction.

4. Community Development and Social Equity

By providing affordable housing, these converted hotels can foster more diverse and inclusive communities. They provide low-income residents with access to better living conditions and reduce the displacement often caused by gentrification.

Implications of Hotel-to-Apartment Conversions

While the conversion of small hotels into affordable housing presents immense benefits, it does come with its unique challenges and implications.

Regulatory Challenges

Each city has its own set of zoning laws and building codes. In many cases, these laws need to be adapted or exceptions need to be made to facilitate such conversions. A collaborative effort from policy makers, city planners, and real estate developers is crucial to navigate this regulatory landscape.

Financial Feasibility

While conversion is often cheaper than new construction, it still requires substantial funding. Real estate developers need to work in tandem with public entities and nonprofits to secure funds. Grant programs, low-interest loans, and tax incentives can help bridge this financial gap.

Social Impact

Converting hotels into affordable housing doesn’t just impact the physical cityscape but also the social fabric. There could be pushback from certain sections of the community fearing changes in their neighborhoods. Transparent communication and community engagement are key in managing these concerns and promoting the broader benefits of such projects.

Maintenance and Management

Hotels-turned-apartments will require ongoing maintenance and management, which can pose operational challenges. However, the rising popularity of professional property management companies and advances in smart home technology can significantly help in this regard.

Concluding Thoughts

In the face of the affordable housing crisis, the conversion of small hotels into apartments presents an innovative solution that taps into existing resources. This strategy represents a win-win solution for hotel owners, residents, and the broader community, addressing urgent housing needs while also contributing to urban revitalization and environmental sustainability.

As real estate experts, we must promote and facilitate such creative solutions. It’s about time we rethink our strategies and embrace the potential in the spaces that surround us. With the right approach and collaboration, we can turn the global housing crisis around, one hotel conversion at a time.

The global housing landscape is undergoing a revolution and it’s time we start paying attention. As real estate professionals, we need to explore innovative strategies that can create win-win situations for property owners, residents, and the broader community. One approach is the conversion of small hotels into affordable housing – a game changer that’s not only promising but also viable and increasingly necessary.

The Affordable Housing Crisis

Before delving into the intricacies of hotel conversions, it’s important to establish the context. The lack of affordable housing is a global crisis that’s becoming more acute with time. According to a 2022 report from the National Low Income Housing Coalition, there’s a shortage of 7 million affordable and available rental homes for low-income households in the US alone.

Increasing urbanization and growth in property prices have pushed affordable housing out of the reach of many. A paradigm shift is needed – one that leverages existing infrastructure and resources in new ways. This is where small hotels come into the picture.

Small Hotels: An Untapped Resource

As the pandemic reshaped the travel and tourism industry, many small hotels found themselves struggling to maintain profitability. These establishments, often well-equipped with individual rooms, private bathrooms, and sometimes even kitchenettes, present a largely untapped resource for conversion into affordable housing units.

The conversion of underused small hotels into affordable apartments isn’t merely a theoretical proposition; it’s already underway in several areas. The city of San Francisco, for instance, has purchased hotels to convert them into permanent supportive housing. In fact, Project Homekey, a California statewide initiative, has acquired more than 94 hotels and motels, creating over 6,000 units of permanent, long-term housing for the homeless.

The Advantages of Hotel-to-Apartment Conversions

1. Speed and Cost Efficiency

Converting a hotel into an apartment complex is generally faster and less expensive than building a new property from scratch. According to a case study from Enterprise Community Partners, conversion projects can be up to 50% faster than new construction. This is primarily because the basic infrastructure is already in place – rooms, plumbing, electrical, common areas, and in many cases, even furnishing. These elements significantly reduce both the construction time and costs.

2. Location and Amenities

Small hotels often have central locations, bringing residents closer to work, transportation, schools, and essential amenities. Additionally, many hotels provide facilities like communal spaces, laundry services, and Wi-Fi – all elements that can enhance the quality of life for residents in affordable housing.

3. Economic and Environmental Sustainability

Conversion projects can reduce urban sprawl, promote sustainable growth, and contribute to revitalizing urban areas. By repurposing existing structures, we not only cut down on construction waste but also conserve resources that would otherwise be used in new building projects. According to a report from Preservation Green Lab, building reuse typically offers greater environmental savings than demolition and new construction.

4. Community Development and Social Equity

By providing affordable housing, these converted hotels can foster more diverse and inclusive communities. They provide low-income residents with access to better living conditions and reduce the displacement often caused by gentrification.

Implications of Hotel-to-Apartment Conversions

While the conversion of small hotels into affordable housing presents immense benefits, it does come with its unique challenges and implications.

Regulatory Challenges

Each city has its own set of zoning laws and building codes. In many cases, these laws need to be adapted or exceptions need to be made to facilitate such conversions. A collaborative effort from policy makers, city planners, and real estate developers is crucial to navigate this regulatory landscape.

Financial Feasibility

While conversion is often cheaper than new construction, it still requires substantial funding. Real estate developers need to work in tandem with public entities and nonprofits to secure funds. Grant programs, low-interest loans, and tax incentives can help bridge this financial gap.

Social Impact

Converting hotels into affordable housing doesn’t just impact the physical cityscape but also the social fabric. There could be pushback from certain sections of the community fearing changes in their neighborhoods. Transparent communication and community engagement are key in managing these concerns and promoting the broader benefits of such projects.

Maintenance and Management

Hotels-turned-apartments will require ongoing maintenance and management, which can pose operational challenges. However, the rising popularity of professional property management companies and advances in smart home technology can significantly help in this regard.

Concluding Thoughts

In the face of the affordable housing crisis, the conversion of small hotels into apartments presents an innovative solution that taps into existing resources. This strategy represents a win-win solution for hotel owners, residents, and the broader community, addressing urgent housing needs while also contributing to urban revitalization and environmental sustainability.

As real estate experts, we must promote and facilitate such creative solutions. It’s about time we rethink our strategies and embrace the potential in the spaces that surround us. With the right approach and collaboration, we can turn the global housing crisis around, one hotel conversion at a time.

The global housing landscape is undergoing a revolution and it’s time we start paying attention. As real estate professionals, we need to explore innovative strategies that can create win-win situations for property owners, residents, and the broader community. One approach is the conversion of small hotels into affordable housing – a game changer that’s not only promising but also viable and increasingly necessary.

The Affordable Housing Crisis

Before delving into the intricacies of hotel conversions, it’s important to establish the context. The lack of affordable housing is a global crisis that’s becoming more acute with time. According to a 2022 report from the National Low Income Housing Coalition, there’s a shortage of 7 million affordable and available rental homes for low-income households in the US alone.

Increasing urbanization and growth in property prices have pushed affordable housing out of the reach of many. A paradigm shift is needed – one that leverages existing infrastructure and resources in new ways. This is where small hotels come into the picture.

Small Hotels: An Untapped Resource

As the pandemic reshaped the travel and tourism industry, many small hotels found themselves struggling to maintain profitability. These establishments, often well-equipped with individual rooms, private bathrooms, and sometimes even kitchenettes, present a largely untapped resource for conversion into affordable housing units.

The conversion of underused small hotels into affordable apartments isn’t merely a theoretical proposition; it’s already underway in several areas. The city of San Francisco, for instance, has purchased hotels to convert them into permanent supportive housing. In fact, Project Homekey, a California statewide initiative, has acquired more than 94 hotels and motels, creating over 6,000 units of permanent, long-term housing for the homeless.

The Advantages of Hotel-to-Apartment Conversions

1. Speed and Cost Efficiency

Converting a hotel into an apartment complex is generally faster and less expensive than building a new property from scratch. According to a case study from Enterprise Community Partners, conversion projects can be up to 50% faster than new construction. This is primarily because the basic infrastructure is already in place – rooms, plumbing, electrical, common areas, and in many cases, even furnishing. These elements significantly reduce both the construction time and costs.

2. Location and Amenities

Small hotels often have central locations, bringing residents closer to work, transportation, schools, and essential amenities. Additionally, many hotels provide facilities like communal spaces, laundry services, and Wi-Fi – all elements that can enhance the quality of life for residents in affordable housing.

3. Economic and Environmental Sustainability

Conversion projects can reduce urban sprawl, promote sustainable growth, and contribute to revitalizing urban areas. By repurposing existing structures, we not only cut down on construction waste but also conserve resources that would otherwise be used in new building projects. According to a report from Preservation Green Lab, building reuse typically offers greater environmental savings than demolition and new construction.

4. Community Development and Social Equity

By providing affordable housing, these converted hotels can foster more diverse and inclusive communities. They provide low-income residents with access to better living conditions and reduce the displacement often caused by gentrification.

Implications of Hotel-to-Apartment Conversions

While the conversion of small hotels into affordable housing presents immense benefits, it does come with its unique challenges and implications.

Regulatory Challenges

Each city has its own set of zoning laws and building codes. In many cases, these laws need to be adapted or exceptions need to be made to facilitate such conversions. A collaborative effort from policy makers, city planners, and real estate developers is crucial to navigate this regulatory landscape.

Financial Feasibility

While conversion is often cheaper than new construction, it still requires substantial funding. Real estate developers need to work in tandem with public entities and nonprofits to secure funds. Grant programs, low-interest loans, and tax incentives can help bridge this financial gap.

Social Impact

Converting hotels into affordable housing doesn’t just impact the physical cityscape but also the social fabric. There could be pushback from certain sections of the community fearing changes in their neighborhoods. Transparent communication and community engagement are key in managing these concerns and promoting the broader benefits of such projects.

Maintenance and Management

Hotels-turned-apartments will require ongoing maintenance and management, which can pose operational challenges. However, the rising popularity of professional property management companies and advances in smart home technology can significantly help in this regard.

Concluding Thoughts

In the face of the affordable housing crisis, the conversion of small hotels into apartments presents an innovative solution that taps into existing resources. This strategy represents a win-win solution for hotel owners, residents, and the broader community, addressing urgent housing needs while also contributing to urban revitalization and environmental sustainability.

As real estate experts, we must promote and facilitate such creative solutions. It’s about time we rethink our strategies and embrace the potential in the spaces that surround us. With the right approach and collaboration, we can turn the global housing crisis around, one hotel conversion at a time.

The global housing landscape is undergoing a revolution and it’s time we start paying attention. As real estate professionals, we need to explore innovative strategies that can create win-win situations for property owners, residents, and the broader community. One approach is the conversion of small hotels into affordable housing – a game changer that’s not only promising but also viable and increasingly necessary.

The Affordable Housing Crisis

Before delving into the intricacies of hotel conversions, it’s important to establish the context. The lack of affordable housing is a global crisis that’s becoming more acute with time. According to a 2022 report from the National Low Income Housing Coalition, there’s a shortage of 7 million affordable and available rental homes for low-income households in the US alone.

Increasing urbanization and growth in property prices have pushed affordable housing out of the reach of many. A paradigm shift is needed – one that leverages existing infrastructure and resources in new ways. This is where small hotels come into the picture.

Small Hotels: An Untapped Resource

As the pandemic reshaped the travel and tourism industry, many small hotels found themselves struggling to maintain profitability. These establishments, often well-equipped with individual rooms, private bathrooms, and sometimes even kitchenettes, present a largely untapped resource for conversion into affordable housing units.

The conversion of underused small hotels into affordable apartments isn’t merely a theoretical proposition; it’s already underway in several areas. The city of San Francisco, for instance, has purchased hotels to convert them into permanent supportive housing. In fact, Project Homekey, a California statewide initiative, has acquired more than 94 hotels and motels, creating over 6,000 units of permanent, long-term housing for the homeless.

The Advantages of Hotel-to-Apartment Conversions

1. Speed and Cost Efficiency

Converting a hotel into an apartment complex is generally faster and less expensive than building a new property from scratch. According to a case study from Enterprise Community Partners, conversion projects can be up to 50% faster than new construction. This is primarily because the basic infrastructure is already in place – rooms, plumbing, electrical, common areas, and in many cases, even furnishing. These elements significantly reduce both the construction time and costs.

2. Location and Amenities

Small hotels often have central locations, bringing residents closer to work, transportation, schools, and essential amenities. Additionally, many hotels provide facilities like communal spaces, laundry services, and Wi-Fi – all elements that can enhance the quality of life for residents in affordable housing.

3. Economic and Environmental Sustainability

Conversion projects can reduce urban sprawl, promote sustainable growth, and contribute to revitalizing urban areas. By repurposing existing structures, we not only cut down on construction waste but also conserve resources that would otherwise be used in new building projects. According to a report from Preservation Green Lab, building reuse typically offers greater environmental savings than demolition and new construction.

4. Community Development and Social Equity

By providing affordable housing, these converted hotels can foster more diverse and inclusive communities. They provide low-income residents with access to better living conditions and reduce the displacement often caused by gentrification.

Implications of Hotel-to-Apartment Conversions

While the conversion of small hotels into affordable housing presents immense benefits, it does come with its unique challenges and implications.

Regulatory Challenges

Each city has its own set of zoning laws and building codes. In many cases, these laws need to be adapted or exceptions need to be made to facilitate such conversions. A collaborative effort from policy makers, city planners, and real estate developers is crucial to navigate this regulatory landscape.

The global housing landscape is undergoing a revolution and it’s time we start paying attention. As real estate professionals, we need to explore innovative strategies that can create win-win situations for property owners, residents, and the broader community. One approach is the conversion of small hotels into affordable housing – a game changer that’s not only promising but also viable and increasingly necessary.

The Affordable Housing Crisis

Before delving into the intricacies of hotel conversions, it’s important to establish the context. The lack of affordable housing is a global crisis that’s becoming more acute with time. According to a 2022 report from the National Low Income Housing Coalition, there’s a shortage of 7 million affordable and available rental homes for low-income households in the US alone.

Increasing urbanization and growth in property prices have pushed affordable housing out of the reach of many. A paradigm shift is needed – one that leverages existing infrastructure and resources in new ways. This is where small hotels come into the picture.

Small Hotels: An Untapped Resource

As the pandemic reshaped the travel and tourism industry, many small hotels found themselves struggling to maintain profitability. These establishments, often well-equipped with individual rooms, private bathrooms, and sometimes even kitchenettes, present a largely untapped resource for conversion into affordable housing units.

The conversion of underused small hotels into affordable apartments isn’t merely a theoretical proposition; it’s already underway in several areas. The city of San Francisco, for instance, has purchased hotels to convert them into permanent supportive housing. In fact, Project Homekey, a California statewide initiative, has acquired more than 94 hotels and motels, creating over 6,000 units of permanent, long-term housing for the homeless.

The Advantages of Hotel-to-Apartment Conversions

1. Speed and Cost Efficiency

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