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ICYMI: Investors Open Discussions to Convert Hotels to Other Asset Types

More Top-Read Stories: CorePoint CEO Has Plans To Grow REIT's Portfolio
Sonoma County in California acquired the 31-room Sebastopol Inn in 2020 for $6.3 million through Project Homekey to convert to housing for the homeless during the COVID-19 pandemic. (CoStar)
Sonoma County in California acquired the 31-room Sebastopol Inn in 2020 for $6.3 million through Project Homekey to convert to housing for the homeless during the COVID-19 pandemic. (CoStar)
By the HNN editorial staff
March 26, 2021 | 2:57 P.M.

For the week of March 22-26, Hotel News Now’s most-read stories include growing interest in converting hotels to other real estate classes, a 1-on-1 interview with CorePoint CEO Keith Cline, and more.

Click on each headline below to read more.

The financial strain caused by the COVID-19 pandemic has more investors considering converting older hotel properties to other real estate classes to avoid costlier new construction.

London's hotel industry has been among the hardest-hit markets globally due to the ongoing COVID-19 pandemic. (Bloomberg/Getty Images)

During the global overview session of the Hotel Data Conference: Global Edition, STR's Robin Rossmann said demand could return to 2019 levels by the end of 2022.

CorePoint Lodging is still laser-focused on selling assets to reach a core portfolio of 105 hotels, but CEO Keith Cline said he sees opportunity to grow the portfolio down the road.