The "Plug-and-Play"
Conversion Play.
Acquire a 72-unit all-suite hotel with full kitchens. Pivot to high-yield Active Adult Senior Living in a market facing a massive supply cliff.
Price
$4,800,000
Basis
~$66k / Key
Strategy
Senior Living
The Demographic Cliff
Sharonville is a "Naturally Occurring Retirement Community" (NORC) with a critical shortage of options.
21% Over 65
Sharonville's senior population is significantly higher than the national average. These residents want to stay local but have nowhere to downsize.
The Wealth Gap
Most local seniors have too much wealth for Medicaid but can't afford the $6k/mo rents of new luxury facilities. They need the "Middle Market."
Location Score
Walkable to dining (Bahama Breeze) and minutes from the Sharonville Community Center (SilverSneakers Hub).
The "Unfair Advantage"
Converting a hotel to apartments usually dies because of plumbing costs.
This asset is different.
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72 Suites with Kitchens Every unit has a stove, fridge, and dishwasher. That is ~$1.1M of infrastructure you don't have to build.
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Residential Layouts Spacious Studio & 1-Bedroom layouts designed for long-term living, not just overnight stays.
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Premium Amenities Heated indoor pool (perfect for senior water aerobics) and a "Gatehouse" lobby ready to become a Social Hall.
Full Kitchens
In Every Unit
Indoor Pool
Wellness Amenity
Why Conversion Wins
| Metric | New Senior Build | Hawthorn Conversion |
|---|---|---|
| Total Cost Per Unit | $250,000+ | ~$77,000 |
| Time to Market | 36 Months | 9 Months |
| Required Rent | $5,000+ / Mo | $2,800 / Mo |
"We aren't selling RevPAR. We are selling the solution to the Sharonville housing crisis."
Unlock The Deal Room
Request Offering Memorandum.
Exclusive Advisors
Pri Adathakkar
614-450-2510Rob Calabro
937-554-9930