The trend of converting office buildings into hotels has become more popular as companies ditch their office spaces in favor of remote work. Places like New York City, Washington D.C. and Calgary are even offering incentive programs to draw more interest. A perfect example is the former headquarters of the New York Daily News in Manhattan’s Financial District; in the U.S.’s largest conversion, it now houses 1,300 luxury condos.

Brad Wellstead, a senior lecturer at Cornell’s SC Johnson College of Business, helps us understand the process of turning these old buildings into new real estate as well as some of the main pitfalls that developers face.

What You'll Learn

• The incentives behind renovating office spaces into hotel and luxury spaces
• Why there are so many available offices spaces and who is buying them
• The cities that are being affected most by these types of renovations
• Why these office spaces are the perfect places to renovate into hotel rooms

The Cornell Keynotes podcast is brought to you by eCornell, which offers more than 200 online certificate programs to help professionals advance their careers and organizations. Learn more from Brad Wellstead in these certificate programs:

• Commercial Real Estate
• Real Estate Development
• Real Estate Investing 360

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