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Tempe Hotel Conversion: Apartments or Apartments? #shorts

26 May 2026 · 0 min

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In this brief YouTube short, three speakers discuss a potential real‑estate transaction involving a struggling hotel in Tempe. Speaker B notes that the hotel is underperforming and that there is an option to convert it into apartments. Speaker A references "Howard's deal," indicating that this conversion option is being considered as a strategic move within their deal‑room activities. The conversation highlights the rationale that converting the hotel to apartments may be the wiser play given current market conditions.

Are you locking up deals in the deal room?
Be a difficult one. And then we were also looking at this conversion out here in Tempe for the hotel. The hotel looks like it's pretty much suffering there. That's why they want to convert it to an apartment, huh?
Yeah, that's Howard's deal. It's just an option to do a conversion. It doesn't have to be, but yeah, that's, I think, the wise play.
Yeah, we'll have to dig. I think the market dictates that may do it well. The demand for housing is is much, much greater. Don't make sense.