The transformation of an office building into a vibrant hotel isn’t anything new. Many of these spaces — once bustling hubs for corporate activity — have been reimagined to offer modern amenities and luxurious accommodations while preserving their rich architectural heritages. This trend has become even more popular since companies have been ditching their office spaces in favor of remote and at-home 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 has been turned into 1,300 luxury condos.
Join Brad Wellstead, a senior lecturer at Cornell’s SC Johnson College of Business, as he takes a deeper dive into this phenomenon. Professor Wellstead will help us understand the process of turning these old buildings into new real estate as well as some of the main pitfalls that developers are facing.
