Property Repositioning

Sometimes an existing property is no longer viable due to various factors such as age of the building, changing demography, or a change in the general plan.  Instead of knocking the property down and re-building, Garmo Group can help evaluate an existing property for repositioning. Some examples include:

• Converting an existing hotel property into an assisted home facility,
• Franchising independent motels to franchised properties,
• Converting hotel properties into SRO – Single Room Occupancy uses,
• Converting apartments into condominiums,
• Converting box use commercial into smaller units.