No Vacancy Live!

Adaptive Reuse That Pencils: Historic Tax Credits Explained


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The Lantern has been open four weeks, and Grey Raines already talks about it like a platform, not just another hotel. During the Hunter Conference, I talked with Grey Raines, CEO and Managing Partner of Raines Company, about what they're building next, why they've exited some management relationships, and why adaptive reuse keeps showing up in their deals. 🏨 Grey shares why The Lantern is mission-focused and how the partnership with the University of South Carolina shows up early 🏗️ He says the next Lantern is under construction in Rock Hill, South Carolina, with two more behind it 🤝 He explains the management churn: they walked away from relationships that didn't align with their long-term vision 🏢 He talks deal mechanics: emerging markets plus municipalities willing to support the right projects 🏛️ He explains why historic hashtag#taxcredits make certain adaptive reuse projects pencil out 🧱 He frames adaptive reuse as stewardship—reset it now so it lasts another 50–100 years ✈️ He gives a summer travel read: shorter booking windows, more drive-to, and flying still feeling like a hassle Thanks to Actabl for supporting this episode. Actabl gives you the power to profit. Visit Actabl.com. Want the weekly roundup of news, videos, and what you might've missed from hashtag#NoVacancyNews? Text HOTEL to 66866.

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