@MichaelBleby reports on how ageing Australian hotels might be better utilised by morphing them into #stratatitle apartments in @AFR.
That’s especially so as the commercial property sector is taking a medium to long-term hit post Covid and it’s estimated that Australia has 1.3 million fewer homes than it needs.
Both the Vibe Hotel in Sydney and the Park Hotel in Melbourne are earmarked for residential conversion. And, there are potentially 1,000 more that would be suitable.
So, how would you fancy living in a former hotel?
#stratamadness