Howard and Tommy Dobczyk discuss converting a struggling Tempe hotel into apartments. The conversion is being explored as a strategic option in the deal room to repurpose the underperforming property.
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 been 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.
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