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Home News CRE

Historic Hudson Hotel Will Be Converted Into A Coliving Space

The hotel, which shuttered its operations at the beginning of the pandemic, will be converted into a 438-unit coliving facility that will feature apartments of various sizes.

Aayat AlibyAayat Ali
July 27, 2022
in CRE
Reading Time: 1 min read
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Historic Hudson Hotel Will Be Converted Into A Coliving Space

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A coliving company will take over the transformation of the former historic Hudson Hotel in Manhattan.   

The hotel, which shuttered its operations at the beginning of the pandemic, will be converted into a 438-unit coliving facility by CSC Coliving and feature apartments that range from studios to three bedrooms.   

The residences will reportedly be offered for around 20% cheaper than other apartments in the area in hopes of attracting young professionals, students, and small families. 

Coliving offers an alternative solution to high-cost leases, particularly in big cities. With real estate vacancies high and rents soaring, converting old buildings such as the Hudson Hotel offers landlords a path for sustainability in the future. 

The shared sector of real estate, which includes coliving and coworking, could be poised to stay afloat during the incoming economic downturn, as both business and people look to slash their expenditures. 

Source: Bisnow
Tags: ColivingCoworkingMergers & Acquisitions
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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