The Strategy That Turns Struggling Hotels Into Multifamily Goldmines

Sometimes, a struggling property doesn’t need more capital, better management, or another business plan. It needs a hard pivot. The challenge is knowing where that line is—what separates a potential value-add opportunity from a property that requires something more drastic. Jigar “Jay” Desai, a second-generation hotelier and broker at NewGen Advisory, has spent multiple decades learning the difference. Growing up in his family’s hotel business , Jay watched his parents drive higher revenue through property upgrades and operational improvements . But years later, as a broker, he discovered that not every hotel could be saved —and that some properties were much better suited for hotel-to-multifamily conversions . Today, Jay breaks down the fundamentals of hotel valuation , as well as the zoning, layout, and financial considerations that can make or break any conversion deal. Plus, Jay explains how rising expenses are putting pressure on hotel owners who bought properties in recent years, and why that pressure is creating new investing opportunities for those who are ready to capitalize. Insights from today’s episode: What really goes into a hotel-to-multifamily conversion project Four factors that can make or break any hotel conversion deal The benefits of using third-party management to help run a hotel How to determine if a value-add project is actually worth the price tag Where Jay is seeing the best hotel investing opportunities today — Connect with Jay on LinkedIn ( https://www.linkedin.com/in/jigar-jay-desai ) NewGen Advisory ( https://newgenadv.com/ ) Recommended Resources: If you’re a high-net-worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, click here ( http://sunrisecapitalinvestors.com/go?utm_source=podcast&utm_medium=shownotes&utm_campaign=rei4cf&utm_content=ep1012 ) for opportunities to invest in real estate projects alongside Kevin and his team. Accredited Investors, you’re invited to Join the Cash Flow Investor Club ( https://kevinbupp.com/join/?utm_source=podcast&utm_medium=shownotes&utm_campaign=rei4cf&utm_content=ep1012 ) to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club ( https://kevinbupp.com/join/?utm_source=podcast&utm_medium=shownotes&utm_campaign=rei4cf&utm_content=ep1012 )! Looking

The Strategy That Turns Struggling Hotels Into Multifamily Goldmines | Ep. 1012