Hotel-to-Multifamily Conversion Brings New Business Stream to RKW
Charlotte, NC-based RKW Residential multifamily management firm has been assigned four Spoke-branded hotel-to-multifamily conversion properties from developer Blaze Capital Partners.
Charlotte – Spoke at McCullough Station (124 units located to the University of North Carolina-Charlotte) and Spoke at Tyvola (116 units within the Southwest submarket)
Atlanta, Spoke at Peachtree Corners (92 units within Atlanta TechPark)
Savannah, Spoke Savannah (106 units in the historic district)
According the RKW, hotel-to-multifamily conversions gained steam during the pandemic as an efficient and cost-effective way to address the housing affordability challenge. With intense demand for rental product in major metropolitan areas throughout the nation, such conversions are now considered a long-term solution.
“We are bullish on the viability of hotel-to-multifamily conversions,” said RKW CEO Marcie Williams. “These Spoke-branded projects in Charlotte and Georgia are already generating tremendous pre-leasing interest.”
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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