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Hotel-to-apartment conversion no longer the only game in town

Investors are pursuing a wider range of post-pandemic reuse strategies
Hotel Abacus in Athens, Georgia, recently closed. The property is slated for redevelopment into a mixed-use project that includes a 1,400-bed student housing complex. (CoStar)
Hotel Abacus in Athens, Georgia, recently closed. The property is slated for redevelopment into a mixed-use project that includes a 1,400-bed student housing complex. (CoStar)
CoStar Analytics
August 21, 2026 | 8:46 P.M.

For years, turning struggling hotels into apartments was the go-to redevelopment strategy. But that trend is losing momentum.

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