Opterra Approved to Convert Boca Raton Holiday Inn to Apartments

Boca Raton planning board unanimously endorses hotel-to-residential conversion project.

Apr. 17, 2026 at 10:28pm

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A photorealistic studio still-life featuring a collection of abstract architectural models and furnishings in muted earth tones, conveying the conceptual transformation of a hotel into an apartment complex.A real estate developer's vision for repurposing a former hotel property into modern, multi-family housing.Today in Miami

Opterra Capital's plans to convert a 1980s-era Holiday Inn in Boca Raton, Florida into an apartment complex received unanimous approval from the city's Planning and Zoning Board. The local real estate firm intends to transform the existing hotel into a multi-family residential development.

Why it matters

This project represents a growing trend of hotel properties being repurposed as apartment buildings, as the hospitality industry continues to recover from the impacts of the COVID-19 pandemic. The conversion will also provide new housing options in the Boca Raton area.

The details

Opterra Capital, a local real estate investment firm, proposed the hotel-to-residential conversion project for the 1980s-era Holiday Inn located in Boca Raton. The planning board unanimously endorsed the firm's plans to transform the existing hotel into a multi-family apartment complex, marking a key milestone in the redevelopment process.

  • The Holiday Inn property was built in the 1980s.
  • Opterra Capital's conversion plans were reviewed and approved by the Boca Raton Planning and Zoning Board on April 17, 2026.

The players

Opterra Capital

A local real estate investment firm that is leading the hotel-to-apartment conversion project in Boca Raton.

Boca Raton Planning and Zoning Board

The local government body that unanimously endorsed Opterra Capital's plans to convert the 1980s-era Holiday Inn into a multi-family residential development.

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What’s next

With the planning board's approval, Opterra Capital can now proceed with the necessary permitting and construction work to transform the former Holiday Inn into apartments.

The takeaway

This hotel-to-residential conversion project in Boca Raton reflects a broader industry trend of repurposing hospitality properties into multi-family housing, driven by pandemic-era shifts in travel and real estate demand.