Q&A: Why Hotel Conversions Work as a Long-Term Housing Solution

Eddy O’Brien, Blaze Capital Partners co-founder & managing partner, takes Multi-Housing News behind the company’s strategy for addressing affordability.

Hotel-to-multifamily conversions have gained momentum in the wake of the health crisis and have proven to be a strategic investment option. While the idea of transforming hotels into housing isn’t new, the trend typically accelerates in times of economic hardship and abates once the market bounces back.

However, Blaze Capital Partners is taking a different approach by making the move a long-term strategy for the company. Multi-Housing News spoke to Co-Founder & Managing Partner Eddy O’Brien to find out what’s behind this decision and why transforming distressed hospitality assets on a large scale is a great way to address housing affordability in the long run.

Read the full article via Multi-Housing News.