Quote:
Originally Posted by jd3189
Is there a possibility that the closed hotels can be converted into apartments in the future, granted that no new owners take them up?
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Depends on the style of hotel. If the rooms have kitchenettes, then upgrading to a full kitchen (with electric stove) is all that's needed. Maybe not even that, I'm not sure what NYC building code requires for minimum kitchen standards in a new-build/change of use situation.
Laundry might be an issue. It's probably not cost-effective to retrofit every room for in-unit laundry, but it should be possible to build a large central laundry room in the building somewhere.
This strategy can make sense in coastal cities and college towns where housing is scarce and people will put up with what is basically dorm-style living... in another environment where housing is plentiful, this kind of living would only attract poor folks who don't have other options. Also, in some places (not NYC) residential may have high parking requirements that hotels don't, on the assumption that a lot of hotel guests will arrive by taxi but permanent residents need a car and a place to put it.