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Acquisitions & Planning

  • Home
  • Services 
    • Equity PCA
    • WBTreece Construction
    • Campus Asset Advisors
    • Building Revenue Assessment
    • Capital Needs Assessment
    • Hotel Renovation Consulting
    • Property Condition Assessment
    • Environmental Site Assessment
    • Capital Reserve Study
    • Cost Segregation Study
    • Triple-Net Lease Inspection
    • Facility Condition Assessment
    • Commercial Building Inspection
    • Construction Loan Monitoring
    • 203k Consultants
    • Grease Trap Inspection
    • Property Portfolio Review
    • Commercial Energy Audit
    • Structural Assessment
    • Commercial Inspection Training
  • Projects
  • About
  • Contact Us
  • …  
    • Home
    • Services 
      • Equity PCA
      • WBTreece Construction
      • Campus Asset Advisors
      • Building Revenue Assessment
      • Capital Needs Assessment
      • Hotel Renovation Consulting
      • Property Condition Assessment
      • Environmental Site Assessment
      • Capital Reserve Study
      • Cost Segregation Study
      • Triple-Net Lease Inspection
      • Facility Condition Assessment
      • Commercial Building Inspection
      • Construction Loan Monitoring
      • 203k Consultants
      • Grease Trap Inspection
      • Property Portfolio Review
      • Commercial Energy Audit
      • Structural Assessment
      • Commercial Inspection Training
    • Projects
    • About
    • Contact Us
Call Now
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Property Improvement Plans for Hotel

Keeping Modern and Competitive...

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Photo By @Britt Treece

Property Improvement Plans (PIPs) are essential documents for hotels to ensure that their property is up-to-date and competitive in the hospitality industry. These plans are drawn up by hotel owners and are designed to identify areas of improvement or renovation required to bring a hotel’s facilities and accommodations up to the required standard.

Property Improvement Plans are a comprehensive document that outlines specific goals, objectives, and timelines for hotel renovations and upgrades. They also highlight the financial implications of these improvements, including the cost of materials, labor, and permitting processes.

Collaboration between hotel owners and hotel brands is crucial in creating these plans, as they align with their brand standards and requirements.

Property Improvement Plan is to ensure that their facilities and accommodations are up-to-date and conform to the latest safety and accessibility standards. Improved safety measures include fire safety systems, smoke alarms, sprinkler systems, and emergency lighting. Hotels that are wheelchair accessible are also becoming more popular. As such, there is a need for hotels to comply with the Americans with Disabilities Act (ADA) requirements. For example, the bathrooms in each guest room should be spacious to allow for easier movement, and the washbasin’s height should be adjustable for optimal comfort of wheelchair-bound guests. PIPs also help hotels upgrade their existing amenities, including decor, furniture, and appliances, to meet the changing tastes and preferences of their clients.

Modern and stylish guest rooms are a significant part of any hotel’s image. Therefore, Property Improvement Plans aim to ensure that all guest rooms, both standard and premium, receive an upgrade of their amenities, including better lighting, increased electric outlets, and improved sound insulation. Other room improvements include technological advancements such as SmartTVs, charging ports, and Wi-Fi connectivity, which are essential in meeting guest expectations.

Property Improvement Plans also consider public areas, which play a critical role in attracting guests; they include restaurants, lobbies, and resort amenities. Upgrades to these spaces include equipment upgrades for fitness areas, lounge areas, and trendy blueprints for restaurants or bars. Public areas serve as a reflection of the hotel’s personality, brand, and overall experience, which is why they are significant contributors to a hotel's revenue.

Outdoor areas such as swimming pools, patios, and gardens often require significant updates as well. PIPs have sections that focus on the aesthetic and functional aspects of outdoor areas. The pool area should be designed with a modern pool deck, comfortable outdoor lounges, and shade structures, among other things. Landscape enhancements, such as garden bed installations, greenhouses, and outdoor walking trails, are a great investment for hoteliers that can set their hotels apart from their competition.

In some instances, Property Improvement Plans may include the revamping of the hotel’s façade or the addition of more rooms or amenities. Hoteliers should notably focus on projects like energy conservation upgrades or sustainability designs in their Property Improvement Plans. The world’s current outlook has seen a significant rise in eco-friendliness and sustainability, and this extends to the hospitality industry. The inclusion of energy-efficient lighting, heating and cooling systems, and water-saving appliances are essential in reducing the hotel’s carbon footprint and operating costs. The use of eco-friendly furnishings, including seasonal, drought-resistant landscaping, has become more appealing to consumers and are areas that hoteliers can invest in.

It is critical to note that implementing a Property Improvement Plan should follow a defined timeline that will take into account the hotel's day-to-day operations while also minimizing inconveniencing hotel guests.

Property Improvement Plans are a valuable tool used by hoteliers to maintain their property's quality and to grow their businesses. They can improve a hotel's guest's overall experience, leading to repeat business and increased revenue streams. Implementing a PIP requires detailed planning and collaboration with experienced consultants and contractors. Upon completion, hotels have an opportunity to stand apart from others in the market, enhancing their position to attract future guests.

Property Improvement Plans are vital to ensure that a hotel's quality, standards, and amenities are up-to-date and competitive. Property Improvement Plans are a collaborative effort between hotel brands and their owners, and they focus on improving guest rooms, public areas, outdoor facilities, and energy conservation measures. With a dedicated timeline and professional guidance, hotels can tailor their Property Improvement Plans to their image, and they are crucial for hotels to remain relevant not just today but in the future as well.

 

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