- Market Feasibility Study
- Financial Forecast
- Develop Seniors Housing
- Hotel Conversion
- Consulting Services
While a remodeled hotel may not attract affluent upscale seniors, many seniors with adequate income are seeking seniors housing in a congregate setting. These seniors wish to be part of a community with coordinated activities, events and often options for meals and other services. Depending upon remodeling budgets and conclusions presented in a market study, seniors housing may be the ideal choice for repurposing a hotel.
We can provide basic "how to" advice, a market study to determine the potential viability of a planned seniors housing community or provide Turnkey assistance to build, staff and successfully open a senior living community. We offer Business Strategy advice and turnaround management assistance to financially struggling seniors housing operators. We operate a 100+ unit assisted living and memory care community which we developed and built. If you are seeking a market analyst or consultant who can advise you in all facets of seniors housing operation or development, please call us.
Many hotels can be converted to one or more types of seniors housing. The evaluation process is similar to evaluating new seniors housing construction. While new construction has the luxury of building for specific seniors with different levels of household income, a hotel conversion often must cater to a specific senior demographic and specific household incomes.
Do you engage a general contractor? Is it necessary to spend significant money evaluating a conversion to seniors housing? In our opinion no. A conversion with a knowledgeable seniors housing consultant or owner-operator is often all that is necessary to discuss the pros and cons. At some point, a market feasibility study will determine how many seniors at different household incomes are likely candidates to move into a converted hotel. Call us without obligation to discuss your situation.