The Fully Funded Show
Alex Cartwright on the Economics of Hotel-to-Multifamily Conversions
Join us on this episode of the Fully Funded Show as we dive deep with Alex Cartwright into the niche yet lucrative world of hotel conversions into multifamily properties. Discover how Alex combines his academic insights and entrepreneurial spirit to transform distressed hotels into thriving communities. Whether you're a real estate enthusiast or an investor looking for the next big opportunity, this episode is packed with valuable strategies and economic perspectives that can't be missed!
Key Points From The Episode:
1. Alex Cartwright discusses his transition from being an economics professor to a real estate entrepreneur focusing on converting hotels into multifamily properties.
2. The investment strategy involves purchasing underutilized hotels at hospitality cap rates and converting them into residential units to achieve a multifamily cap rate, creating significant value.
3. Challenges and considerations in hotel conversions, such as dealing with zoning changes, construction, and leasing up the properties from zero occupancy.
4. The importance of education and setting actionable goals in entrepreneurship, as well as the high return on investment from attending conferences and continuously learning.
Contact The Guest:
Website: https://www.hotelshift.capital/
LinkedIn: https://www.linkedin.com/in/alexcartwright/
Follow Us On Social Media:
LinkedIn: @thefullyfundedshow
Facebook: @thefullyfundedshow
Website: www.Fullyfunded.capital
Join us on this episode of the Fully Funded Show as we dive deep with Alex Cartwright into the niche yet lucrative world of hotel conversions into multifamily properties. Discover how Alex combines his academic insights and entrepreneurial spirit to transform distressed hotels into thriving communities. Whether you're a real estate enthusiast or an investor looking for the next big opportunity, this episode is packed with valuable strategies and economic perspectives that can't be missed!
Key Points From The Episode:
1. Alex Cartwright discusses his transition from being an economics professor to a real estate entrepreneur focusing on converting hotels into multifamily properties.
2. The investment strategy involves purchasing underutilized hotels at hospitality cap rates and converting them into residential units to achieve a multifamily cap rate, creating significant value.
3. Challenges and considerations in hotel conversions, such as dealing with zoning changes, construction, and leasing up the properties from zero occupancy.
4. The importance of education and setting actionable goals in entrepreneurship, as well as the high return on investment from attending conferences and continuously learning.
Contact The Guest:
Website: https://www.hotelshift.capital/
LinkedIn: https://www.linkedin.com/in/alexcartwright/
Follow Us On Social Media:
LinkedIn: @thefullyfundedshow
Facebook: @thefullyfundedshow
Website: www.Fullyfunded.capital