Chicago & Midwest + Downtown + Apartments | December 19, 2022

Hotel investment and management company Arbor Lodging has launched a residential subsidiary with an initial focus on converting properties to apartments

Arbor Lodging Launches Residential Subsidiary

Chicago-based hotel investment and management company Arbor Lodging has launched a new subsidiary, ARLO Residential. It seeks to develop and transform real estate nationwide to address the housing affordability crisis, with an initial focus on converting properties including hotels and office buildings.

“Being active real estate developers and operators for over 16 years, we believe ARLO Residential is the perfect segue into a new avenue that will help benefit a multitude of markets and residents of those respective cities,” said CEO Vamsi Bonthala. “We hope using our current network to find significant deals with lenders and investors will give us the opportunity we need to make a positive impact on our communities throughout the country and worldwide.”

To kick off the new venture, ARLO Residential has entered the Denver market. It acquired the former Radisson Hotel Denver-Aurora in a joint venture with Bridge Investment Group earlier this year.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).