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Inside 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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Property 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,...

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Three 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...

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How 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...

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Litt 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...

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Three 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...

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Standard 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...

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When 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...

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Repositioning 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...

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PIPs 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...

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