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Three Rules of Renovation

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 flurry of construction projects, rebranding and conversion activity, and renovations of every ...

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Property Improvement Plan

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, drive revenue performance, and enhance profitability. Elements like lighting, ...

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Inside Financing: Underwriting Your PIP

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 complicate matters, a number of the branding ...

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