Hotel Conversions Hot, But Tricky To Seal Up

Law360, New York (December 19, 2013, 2:31 PM EST) -- With the lodging market heating up, hungry developers are turning to unconventional sites such as abandoned posts offices and half-filled apartment towers to shoehorn in new hotels. But while these offer a way forward in tight markets, financial and zoning hurdles abound, attorneys say.

Across the country, hotel conversion projects have been popping up, mostly in urban markets with little leeway, economically or physically, for teardowns and brand-new developments, according to experts. And while these projects offer, on paper, a quicker and easier path to market,...
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