MYRTLE BEACH, S.C. (WMBF) - Hotels and motels are now helping create more affordable housing options across the Grand Strand area. A boutique investment firm specialized in income-producing residential and commercial real estate is leading the project efforts. NDH Capital is transforming several hotel and motel properties into apartment complexes.
NHD Capital this week gave a better look at their affordable housing project underway in Augusta. The firm's president, Roy Assaf, provided design renderings via email of their new apartment complex, Pace Corners, which is being built out of the bones of the defunct Extended Stay Augusta motel at 1520 Gordon
In 2019, after working for two decades in different asset classes in the real estate industry, we recognized the exciting asset class of buying hotels and repositioning them as multifamily properties.