Is It Worth Converting Your Hotel to a Bigger Brand? 

converting your hotel

Big hotel brands are often ideally positioned to capture traffic and improve customer service options. They have larger budgets for marketing, guest support, and more. As a result, many smaller, independent hotels are considering moving under the umbrella of those larger corporations, providing them with the support they need to stay afloat. Is converting your […]

Exploring Hotel Conversion Opportunities: A Guide for Hoteliers

Hotel Conversion

The landscape of real estate and property development is continuously evolving, presenting new opportunities for investors and property owners. One such innovative approach is hotel conversions, where existing hotels are transformed into student housing, apartments, shelters, etc. This guide will delve into how you can determine if your hotel holds potential for such a conversion, […]

Arizona Hotel to Homeless Housing Project

Days Inn, hotel, hotel adaptive reuse project, hotel conversion

Phoenix (May 24, 2022) – Dinesh “Dan” Rama and Kishan Gohel of NewGen Advisory proudly announce the sale of the Days Inn by Wyndham hotel in Phoenix, Arizona. Located within a heavily populated area near Downtown Phoenix and Phoenix Sky Harbor International Airport, this hotel consists of 50 units on 1.4 acres of land. The […]

NewGen Advisory Delivers Results During Pandemic Squeeze on Hotels and Housing

NewGen Advisory

Phoenix, May 2021 – NewGen Advisory (NGA) created a task force to help hotel owners and alternative use buyers during the pandemic. The initiative tapped expertise from multiple industry experts to help hoteliers safeguard their investments and increase the number of dwelling options for the depleted housing market. NGA’s task force team of hospitality experts […]

8 Factors to Consider with Hotel Conversions

Man and Woman with laptop evaluating job site

It’s true… the Covid-19 pandemic has dealt a major blow to the hospitality industry. With tourism stifled and convention centers abandoned, many hotel owners have put their hotels for sale at bargain prices. Enter the savvy real estate developers who understand the cost of construction and recognize the value in acquiring and then converting hotel […]

Why Hotel Conversion?

Hotel Under Construction

In 2019, hotels across the country experienced a tremendous bull run from the last recession. Capital was abundant, supply was plentiful, and demand was high. Enter the COVID-19 pandemic of 2020. The hotel industry halted abruptly with stay-at-home orders and nationwide lockdowns. Occupancy and revenue for hotels plummeted to record lows.  Many industries struggle to […]