Saturday, June 14, 2025
Distribution: (800) 510 0384
Washington DC
New York
Toronto
Press ID  
  • Login
The Hudson Weekly
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity
No Result
View All Result
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity
No Result
View All Result
The Hudson Weekly
No Result
View All Result

A Win-Win for Investors and Communities: Hotel to Multifamily Conversions

Fund managers identify strategy to speed post-pandemic community recovery, support affordable housing and earn exceptional profits for investors

Michelle Kellett by Michelle Kellett
March 31, 2021
in Financial
A A
A Win-Win for Investors and Communities: Hotel to Multifamily Conversions

Bigelow Residences, Ogden, UT

Share on FacebookShare on Twitter

TF Management Group, LLC, announced that it will promote deeper investment in hotel to multifamily conversions as part of its funds allocation strategy that started in 2020 and continues in 2021.

“These conversion properties are offering excellent profitability for investors,” explained TF Management Group LLC CEO Mike Zlotnik, “but they’re also the type of investment that serves communities hard hit by the pandemic.”

HudsonNewsroom

How Businesses Can Leverage Innovation for Greater Online Visibility

How Better Payment Systems Improve the Online Casino Experience

5 Practical Tips for Turning Your Overseas Home Into a Profitable Rental

Demand for hotels has nearly collapsed during the pandemic. Oxford Economics cited an estimated $519 billion in lost revenue for the travel industry as a whole.

Meanwhile, the demand for affordable housing is at an all-time high. With vacated hotels standing on valuable property, more municipalities are encouraging redevelopment projects.

“The ever-present need for affordable housing has been especially exacerbated by the pandemic, as many people find their livelihoods impacted,” Yuriy Novodvorskiy, COO of TF Management Group LLC added. “These conversions are not just an excellent investment opportunity, but provide a critical value to communities—a long-term benefit that many of our investors care about and support.”

Investors are poised to benefit from these fast, relatively inexpensive conversions which are typically much cheaper than new construction projects. For example, one of TF Management Group’s successful conversion investments is the Ben Lomond Suites Hotel in Ogden, Utah which was converted to a mixed-use property now called the Bigelow Hotel and Residences. The purchase and renovation, including closing costs, was $13.52MM. The building was sold in less than 21 months for $20.55MM, representing an internal rate of return (IRR) on investment of 73.35% and 2.2X equity multiple. That is a “home run” investment by most measures.

The pandemic simply accelerated the trend towards targeting weak or foreclosed hotels for conversion projects.

TF Management Group LLC launched a specialty growth fund, Tempo Growth Fund LLC, to take advantage of this and other “value-add” real estate strategies. This fund has started to raise capital in 2020 and is planning to close by Jan 2022, investing in multiple hotel/office to multifamily conversion opportunities. Here are a few examples of such projects:

  • Two extended-stay hotels, Residence Inn, conversions to housing in Winston-Salem, NC and South Bend, IN
  • Two Ramada Inn conversion in Mesa, AZ and New Braunfels, TX
  • Best Western hotel conversion in Longmont, CO
  • Conversion of an office building to multifamily housing in downtown St. Louis, across from the Cardinals ballpark

TF Management Group LLC is a private real estate investment fund management company that implements a variety of strategies with specialization in long-term “value-add” equity deals with strong sponsors, good cash-flow and forced appreciation with proper debt leverage to maximize risk-adjusted-returns.

To learn more, please visit tempofunding.com or call (800) 289-6755.

Michelle Kellett

Michelle Kellett

Deputy Editor, Investing and Corporate News

More from HW Newsdesk

Why is Expert SEO Essential for Modern Business
Financial

How Businesses Can Leverage Innovation for Greater Online Visibility

June 14, 2025
How Better Payment Systems Improve the Online Casino Experience
Financial

How Better Payment Systems Improve the Online Casino Experience

June 12, 2025
5 Practical Tips for Turning Your Overseas Home into a Profitable Rental
Financial

5 Practical Tips for Turning Your Overseas Home Into a Profitable Rental

June 12, 2025

HW Newsroom

Edouard Patrick Junior Onana: The Inventor Transforming Document Security With His Unforgeable Stamp
Technology

Edouard Patrick Junior Onana: The Inventor Transforming Document Security With His Unforgeable Stamp

by Ryan Offman
June 13, 2025

In a world increasingly vulnerable to fraud and counterfeiting, securing vital documents has become a priority across industries. From legal...

A Guide to Teahouse Trek in Nepal

A Guide to Teahouse Trek in Nepal

June 13, 2025
Alliance Defending Freedom Analyzes EU Digital Services Act's Impact on Free Speech

Alliance Defending Freedom Analyzes EU Digital Services Act’s Impact on Free Speech

June 13, 2025
Portrait of the Target Audience for Online Casinos in the USA in 2024

Legal Online Casinos for Greek Players

June 13, 2025
Perks of Being a High-Stake Player at Online Casinos

AI in Online Gambling

June 13, 2025
Portrait of the Target Audience for Online Casinos in the USA in 2024

How No-Deposit Bonuses Shape Player Behavior in 2025

June 13, 2025
Perks of Being a High-Stake Player at Online Casinos

Appeal of Multi-Line Slot Machines

June 13, 2025
Finding Your Match: Selecting the Ideal Casino Game

Great Debate: Stacked Wilds vs. Expanding Wilds

June 13, 2025
Finding Your Match: Selecting the Ideal Casino Game

Iconic Online Casino Games That Stand the Test of Time

June 13, 2025
Portrait of the Target Audience for Online Casinos in the USA in 2024

Casino Welcome Bonus Explained

June 13, 2025
Finding Your Match: Selecting the Ideal Casino Game

Rise of Portrait Mode Slots and Vertical Games for Mobile

June 13, 2025
Perks of Being a High-Stake Player at Online Casinos

Bonus Buy Slots and What Makes These Games So Popular

June 13, 2025
No Result
View All Result

Headlines

How Patexia Is Changing the Game in Expert Witness Search for IP and Technology Cases

Upgrade Your Home with a Sleek New Fuel Tank

Where Sound Meets Sky: Vlad Yamato’s The Colours Of The Sky

Edouard Patrick Junior Onana: The Inventor Transforming Document Security With His Unforgeable Stamp

A Guide to Teahouse Trek in Nepal

Alliance Defending Freedom Analyzes EU Digital Services Act’s Impact on Free Speech

Trending

Simplifying Campus Tech: Tools That Make a Real Difference
Technology

Simplifying Campus Tech: Tools That Make a Real Difference

by Ryan Offman
June 14, 2025

The educational environment is undergoing significant transformations, particularly in the realm of technology used in campuses. With...

Why is Expert SEO Essential for Modern Business

How Businesses Can Leverage Innovation for Greater Online Visibility

June 14, 2025
How Patexia Is Changing the Game in Expert Witness Search for IP and Technology Cases

How Patexia Is Changing the Game in Expert Witness Search for IP and Technology Cases

June 13, 2025
Upgrade Your Home with a Sleek New Fuel Tank

Upgrade Your Home with a Sleek New Fuel Tank

June 13, 2025
Where Sound Meets Sky: Vlad Yamato’s The Colours Of The Sky

Where Sound Meets Sky: Vlad Yamato’s The Colours Of The Sky

June 13, 2025
  • Kia America представляет цены и захватывающие обновления для Sorento 2025 (ICE)

https://madisongraph.com/kia-america-unveils-pricing-and-exciting-updates-for-2025-sorento-ice/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Kia Recognized as One of TIME Magazine’s “World’s Most Sustainable Companies of 2024”

https://madisongraph.com/kia-recognized-as-one-of-time-magazines-worlds-most-sustainable-companies-of-2024/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • VinFast Auto Establishes Dealer Advisory Board to Enhance Customer Experience

https://madisongraph.com/vinfast-auto-establishes-dealer-advisory-board-to-enhance-customer-experience/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Medicare Announces Expansion of Coverage for Microprocessor-Controlled Knees for Lower Mobility Users

https://lincolncitizen.com/medicare-announces-expansion-of-coverage-for-microprocessor-controlled-knees-for-lower-mobility-users/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • GA-ASI Successfully Tests PT6 Engine on MQ-9B SkyGuardian Aircraft

https://lincolncitizen.com/ga-asi-successfully-tests-pt6-engine-on-mq-9b-skyguardian-aircraft/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • U.S. Leading Economic Index Declines by 0.2% in June 2024, Coincident Index Rises by 0.3%

https://fairmontpost.com/u-s-leading-economic-index-declines-by-0-2-in-june-2024-coincident-index-rises-by-0-3/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • USTDA Director Travels to Bulgaria and Romania to Promote Clean, Secure Energy

https://belmontstar.com/ustda-director-travels-to-bulgaria-and-romania-to-promote-clean-secure-energy/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Police Recommend a Hidden Camera Detector Device to Protect Privacy

https://marketsherald.com/police-recommend-a-hidden-camera-detector-device-to-protect-privacy/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost

© 2025 The Hudson Weekly. Published by The Ritz Herald. Editions: Markets Herald • Lincoln Citizen • Madison Graph • Belmont Star • Fairmont Post

Address: 1177 6th Avenue, 5th Floor, New York, NY 10036. Removals: pr@hudsonweekly.com. Phone: (718) 313-5252. M-F: 9AM-5PM. Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity

© 2025. The Hudson Weekly