Hotel Redevelopments Surface as New Housing Opportunity
The COVID-induced downturn in hotel business is starting to pay unanticipated dividends for multifamily housing production in Connecticut as developers move ahead with conversion projects.
The COVID-induced downturn in hotel business is starting to pay unanticipated dividends for multifamily housing production in Connecticut as developers move ahead with conversion projects.
New data from the federal Bureau of Economic Analysis shows that the Connecticut hospitality and restaurant sector saw a big change in its growth rate this spring as vaccines took hold.
Another hotel-to-apartments conversion is in the works in Connecticut, this time for Hartford’s former Red Lion Hotel.
In the face of long-term challenges for the state’s hospitality sector, another developer is looking to convert a hotel into a multifamily property.
A tired Meriden hotel could be converted into over 100 small apartments according to an application from developer Adam Haston filed with the city’s Zoning Board of Appeals.