Tag: PIPs
Litt Group Continues Focus on PIP Renovations
Boca Raton, Fla.—The Litt Group, a capital project administration and consulting firm for the hospitality industry, was recently awarded the contract for the renovation...
Sheraton’s Indy Adenaw on Updating the Brand
At this year’s NYU Investment Conference, Marriott’s Sheraton brand showcased nine new flexible design additions to its portfolio, refreshing the brand for a new...
Tips and Tricks for PIPs
Experts weigh in on what hoteliers should keep in mind when deciding whether to go through with a PIP. Below are three pieces of...
To PIP or Flip? The Costs, Benefits of Property Improvement Plans
Hoteliers whose portfolios are mostly composed of branded hotels are familiar with the ins and outs of property improvement plans (PIPs). These PIPs are...
Reserve Funds
Reserve funds consist of liquid assets set aside for future projects or unexpected costs. Typically, hoteliers contribute to reserve funds on a scheduled basis...