Putting the Customer First
In this third and final installment of our 2024 Owner Series, LODGING speaks with Harry (Himesh) Patel, director of Solvue Hospitality Group, regarding his approach to optimizing the guest experience....
View ArticleAccess Point Financial Unveils PIP Renovation Program
Access Point Financial (APF) announced the launch of its PIP Renovation Program designed to support hotel owners in meeting franchisor-mandated improvements and refreshing their assets. The PIP...
View ArticlePIPs in Perspective: Costlier Projects Negatively Affecting Economy Sector
Property improvement plans, or PIPs in industry parlance, can be a sore spot in the relationship between franchisors and franchisees. While auspiciously meant to align property standards with changing...
View ArticleRepositioning for Recovery: Deciding Factors When Determining a Hotel Brand...
COVID-19 has created a myriad of troubles for hotel owners—and sometimes trouble means opportunity. As the industry slowly rebounds, savvy owners may see this as a good time to evaluate their hotel...
View ArticleWhen Upgrading Properties, Don’t Sleep on Tech
Lost in the trend of upgrading economy hotels to fancier brands and garden-variety improvement projects to keep pace with evolving brand standards are upgrades hoteliers must make to keep their guests...
View ArticleStandard Upgrade: Smart Advice for Tackling Your Next PIP
There’s no shortage of scenarios in which hoteliers need to secure financing for property enhancements. Whether transforming a hotel from economy to upscale, refreshing a property to comply with brand...
View ArticleThree Housekeeping Investments To Enhance Guestrooms
Hotels typically renovate their guestrooms every five to 10 years. While financial resources must be expended on tangibles like FF&E during a PIP, there are other areas—such as housekeeping—that...
View ArticleLitt Group Renovates Candlewood Suites Athens
Boca Raton, Fla.—The Litt Group, a capital project administration and consulting firm for the hospitality industry, has completed the renovation of the Candlewood Suites Athens in Athens, Ga., for...
View ArticleHow Hoteliers Can Take Advantage of 2018 Tax Reform
Not many people do things ahead of time. How many people or organizations beat deadlines by months or even years? Similarly, how many investors sell perfectly good assets to buy new ones that aren’t...
View ArticleThree Rules of Renovation
Lodging’s current robust performance is creating a competitive environment when it comes to product freshness. The industry fundamentals have never been better, and these conditions are driving a...
View ArticleProperty Improvement Plan
A property improvement plan (PIP) is required to bring a hotel in compliance with brand standards. According to HVS, an effective PIP should help owners gain market share, increase guest satisfaction,...
View ArticleInside Financing: Underwriting Your PIP
Ask any hotelier about their experiences with financing and you’ll likely get a mixed-bag of answers, but most will point out that hotels remain one of the hardest asset classes to capitalize. To...
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