Ryan Sudeck, CEO of Sage Investment Group, discusses innovative strategies for converting hotels into multifamily properties, managing over 2,600 units across six states. He highlights market selection and deal sourcing, touching on challenges like regulatory hurdles and financial benefits in Tucson's transformation. The importance of construction management, competitive bidding, and assessing rental rates is emphasized, along with insights on real estate financing and the dynamics of investor relationships. This conversation reveals the future viability of hospitality-to-residential conversions.
