Adaptive Reuse Conversion Opportunity
Vacant hotel positioned for multifamily, student housing, or assisted living conversion

Low-Basis Acquisition with Significant Upside
Acquire below replacement cost and well under stabilized multifamily values

Proven Conversion Model in Submarket
Nearby projects achieving mid-to-high 90% occupancy validate execution strategy

Partial Unit Conversions Already Completed
70 units equipped with kitchenettes provide immediate head start on repositioning

Zoning in Place for Multifamily Use
Permitted “change of use” reduces entitlement risk and accelerates timeline

Strong Demand from University and Employment Base
Proximity to University of New Mexico and major employers supports long-term occupancy