Digney York Associates’ Post

As PIPs continue to take center stage for hoteliers, planning for PIPs early on can directly increase proceeds to sellers and lower the costs for buyers in most hotel transactions. In the right market conditions, a PIP can be highly beneficial. PIP renovations often create a path to increased profitability, providing a favorable return on investment. You may be able to negotiate renovation for some areas but when it comes to the condition of the FF&E, it is the largest part of the hotel’s asset and must be addressed immediately. As they say, you don’t get a second chance to make a first impression with your guests and that includes the condition of your guest rooms. In most cases, updating guestrooms and public areas allow a hotel to be more competitive both for transient and group demand. If a PIP gives a hotel a chance to stand out among the competition, it can reward the owners with a greater market share and increased customer satisfaction, and thus a greater profit. Hotels are always looking to create those “Instagram-able spaces” within their hotel. The total amount of work required to meet brand standards under a PIP can vary tremendously. These factors typically depend on: • The property condition • length of time since the property’s prior renovation • and recently enacted brand standards not completed by the seller. The Refinishing Touch® team will partner with you and review all the critical details during preconstruction planning of your renovation and provide many options you may have not considered. We provide on-site full FF&E refinishing, and re-engineering but we additionally provide solid surface replacement including stone, glass and laminate. We also provide decorative hardware selection. We save you 50% up to 80% over FF&E replacement costs and provide you with a trusted partner that has the professional experience you can count on, 47 years and over 8,000 completed hotel renovations. Call Jeanne Shannon today at 1.800.523.9448 to discuss your upcoming renovation project. The Refinishing Touch® is your trusted and preferred sustainable, FF&E solution provider! For more information about our community of services, we invite you to visit https://lnkd.in/dnEzbNn #maintainassets #fullyrefinish #savings #sustainability #reduceC02

As PIPs continue to take center stage for hoteliers, planning for PIPs early on can directly increase proceeds to sellers and lower the costs for buyers in most hotel transactions. In the right market conditions, a PIP can be highly beneficial. PIP renovations often create a path to increased profitability, providing a favorable return on investment.   You may be able to negotiate renovation for some areas but when it comes to the condition of the FF&E, it is the largest part of the hotel’s asset and must be addressed immediately. As they say, you don’t get a second chance to make a first impression with your guests and that includes the condition of your guest rooms.   In most cases, updating guestrooms and public areas allow a hotel to be more competitive both for transient and group demand. If a PIP gives a hotel a chance to stand out among the competition, it can reward the owners with a greater market share and increased customer satisfaction, and thus a greater profit. Hotels are always looking to create those “Instagram-able spaces” within their hotel.   The total amount of work required to meet brand standards under a PIP can vary tremendously. These factors typically depend on:  • The property condition  • length of time since the property’s prior renovation  • and recently enacted brand standards not completed by the seller.   The Refinishing Touch® team will partner with you and review all the critical details during preconstruction planning of your renovation and provide many options you may have not considered. We provide on-site full FF&E refinishing, and re-engineering but we additionally provide solid surface replacement including stone, glass and laminate. We also provide decorative hardware selection. We save you 50% up to 80% over FF&E replacement costs and provide you with a trusted partner that has the professional experience you can count on, 47 years and over 8,000 completed hotel renovations.   Call Jeanne Shannon today at 1.800.523.9448 to discuss your upcoming renovation project. The Refinishing Touch® is your trusted and preferred sustainable, FF&E solution provider! For more information about our community of services, we invite you to visit https://lnkd.in/dnEzbNn #maintainassets #fullyrefinish #savings #sustainability #reduceC02

Call Your PIP Advisor Before Your Guests Call Their Trip Advisor! As PIPs continue to take center stage for hoteliers, planning for PIPs early on can directly increase proceeds to sellers and lower the costs for buyers in most hotel transactions. In the right market conditions, a PIP can be highly beneficial. PIP renovations often create a path to increased profitability, providing a favorable return on investment.   You may be able to negotiate renovation for some areas but when it comes to the condition of the FF&E, it is the largest part of the hotel’s asset and must be addressed immediately. As they say, you don’t get a second chance to make a first impression with your guests and that includes the condition of your guest rooms.   In most cases, updating guestrooms and public areas allow a hotel to be more competitive both for transient and group demand. If a PIP gives a hotel a chance to stand out among the competition, it can reward the owners with a greater market share and increased customer satisfaction, and thus a greater profit. Hotels are always looking to create those “Instagram-able spaces” within their hotel.   The total amount of work required to meet brand standards under a PIP can vary tremendously. These factors typically depend on:  • The property condition  • length of time since the property’s prior renovation  • and recently enacted brand standards not completed by the seller.   The Refinishing Touch® team will partner with you and review all the critical details during preconstruction planning of your renovation and provide many options you may have not considered. We provide on-site full FF&E refinishing, and re-engineering but we additionally provide solid surface replacement including stone, glass and laminate. We also provide decorative hardware selection. We save you 50% up to 80% over FF&E replacement costs and provide you with a trusted partner that has the professional experience you can count on, 47 years and over 8,000 completed hotel renovations.   Call Jeanne Shannon today at 1.800.523.9448 to discuss your upcoming renovation project. The Refinishing Touch® is your trusted and preferred sustainable, FF&E solution provider! For more information about our community of services, we invite you to visit https://lnkd.in/dnEzbNn #maintainassets #fullyrefinish #savings #sustainability #reduceC02

Call Your PIP Advisor Before Your Guests Call Their Trip Advisor! As PIPs continue to take center stage for hoteliers, planning for PIPs early on can directly increase proceeds to sellers and lower the costs for buyers in most hotel transactions. In the right market conditions, a PIP can be highly beneficial. PIP renovations often create a path to increased profitability, providing a favorable return on investment. You may be able to negotiate renovation for some areas but when it comes to the condition of the FF&E, it is the largest part of the hotel’s asset and must be addressed immediately. As they say, you don’t get a second chance to make a first impression with your guests and that includes the condition of your guest rooms. In most cases, updating guestrooms and public areas allow a hotel to be more competitive both for transient and group demand. If a PIP gives a hotel a chance to stand out among the competition, it can reward the owners with a greater market share and increased customer satisfaction, and thus a greater profit. Hotels are always looking to create those “Instagram-able spaces” within their hotel. The total amount of work required to meet brand standards under a PIP can vary tremendously. These factors typically depend on: • The property condition • length of time since the property’s prior renovation • and recently enacted brand standards not completed by the seller. The Refinishing Touch® team will partner with you and review all the critical details during preconstruction planning of your renovation and provide many options you may have not considered. We provide on-site full FF&E refinishing, and re-engineering but we additionally provide solid surface replacement including stone, glass and laminate. We also provide decorative hardware selection. We save you 50% up to 80% over FF&E replacement costs and provide you with a trusted partner that has the professional experience you can count on, 47 years and over 8,000 completed hotel renovations. Call Jeanne Shannon today at 1.800.523.9448 to discuss your upcoming renovation project. The Refinishing Touch® is your trusted and preferred sustainable, FF&E solution provider! For more information about our community of services, we invite you to visit https://lnkd.in/dnEzbNn #maintainassets #fullyrefinish #savings #sustainability #reduceC02

The current top 5 markets in the USA for largest hotel construction pipelines are Dallas, Atlanta, Phoenix, Nashville and Los Angeles! Message us to inquire about any exclusive off-market development opportunities in these and other trending hotspots. #hospitalityfinance  #hotelfinance  #hospitalityindustry  #hotelindustry  #hospitalityinvesting  #hotelinvesting  #hospitalitydevelopment  #hotedevelopment   #hospitalitymanagement  #hotelmanagement  #hospitalityinvestorsgroup #mortgagefinance 

Top 5 markets for hotel construction

The refurbishment and fit out of this hotel refurbishment project in Euston is progressing well and approaching completion soon with lifts in, power on, external signs erected and upper floors rooms and corridors being finished and snagged. Lower floor areas, public areas, kitchen, BOH areas and external works are also progressing well. #Hospitality #Hotels #Refurbishment #CentralLondon #ProjectManagement #CostManagement

Top 5 markets for hotel construction

Top 5 markets for hotel construction

Renovations are vital to keeping a hotel looking its best, as well as becoming modern as times change with updated facilities to meet guest needs and expectations. However, it's important to plan an organized strategy for these renovations, as it can become overwhelming and stressful for both hoteliers and staff if these renovations are undertaken without clear objectives and strategy. #HotelManagement #Hospitality