Motels and Hotels are being converted into Retirement homes and Assisted Living Facilities
Had you ever visited a retirement home or assisted living community?
you may have thought how much it looks like a hotel or motel, with a large and spacious dining room, Handicap equipped front desk, recreation room, and mostly with a swimming pool.
Increasing numbers of Motels and hotels are being modified into retirement homes or senior housing communities, reflecting a rapid growth among North America’s senior population as baby boomers retiring.
When we look at similarities, both establishment types: share a general manager, chef, servers, reception … both have sales departments, and activities are very important. Employees in both industries need to show a degree of empathy and concern for their residents and tenants.
Although there is a possible visible fit for hotels to be converted into seniors housing, some small changes do need to be made to become compatible for requirements as per regulations (as links attached).
According to online sources when a hotel becomes a retirement home, the entrance door to the rooms often have to be expanded in order to accommodate the space needed for two wheelchairs to pass through or similar, and hotel rooms often have to be customized to meet the demands of an aging resident like more Handicap friendly environments.
Having said it : There are more motels and hotels are being converted into retirement homes and assisted living facilities. This can be an opportunity for Motel-Hotel owners to trend in to new different business from renting to caring…
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More info:
Legislation and Regulations
The RHRA is responsible for administering the Retirement Homes Act, 2010 (Act). The Act establishes the RHRA and sets out its role, responsibilities and powers. The Act also contains care and safety standards and other requirements applying to licensed retirement homes in Ontario. Regulations under the Act provide additional standards and requirements for licensed homes, and requirements relating to the RHRA’s administration of the Act.
Retirement Homes Act, 2010: Legislation and associated regulations:
| Retirement Homes Act, 2010 | English French |
| Ontario Regulation 166/11: General | English French |
| Ontario Regulation 53/12: General (Amending Regulation 166/11) |
The Ontario government recently proclaimed regulations under the Retirement Homes Act, 2010 allowing the RHRA to open for licensing on April 15, 2012. Further information can be found here.
A Plain-Language Guide and other educational materials on the Act and regulations are available here.
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Discuss your idea and share your thoughts of possibility of converting your investment with us by contacting thru this blog is appreciated. Contact us click here
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Link of information :
GTA REALTY AGENT'S BLOG >> 