Erica F. Buckley Would New Law Allow for Conversion of a Hotel to a Condominium?
New York may be looking to amend the Multiple Dwelling Law to allow for the conversion of hotel properties to residential use. Does the proposed law allow for the conversion of a hotel to a for-sale condominium, and if so, what type of filing would be made under the Martin Act?
March 08, 2021 at 12:45 PM
7 minute read
Question: I understand that New York may be looking to amend the Multiple Dwelling Law to allow for the conversion of hotel properties to residential use. As written, does the proposed law allow for the conversion of a hotel to a for-sale condominium, and if so, what type of filing would be made under the Martin Act?
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