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moldy brick wall

Take steps to ensure that you don’t buy a property with significant mold damage. When prospective owners acquire a new property, it is under the assumption that certain renovations will be necessary.  However, many are unprepared to handle the repairs and costs associated with hidden mold damages.  Sadly, many buyers are unaware of a property’s…

business meeting negotiation

How hotel owners can reduce the cost of PIP agreements. As hotel franchisors look to improve their overall brand image and quality, previously neglected properties are being issued property improvement plans (PIPs).  Because the upgrades laid out in a PIP are mandatory, failure to comply by the dates specified will result in serious penalties and…

Elements Driving Up Hotel Renovation Costs

Here are some of the issues that increase hotel construction and renovation costs. The strong U.S. economy has led to a period of growth in the hotel construction and development market.  However, the cost of these projects has steadily increased and it does not seem like these price increases will level out anytime soon.  Here…

Is Your A-Team Renovation Team Available and In-Budget?

How labor availability and new construction innovations are affecting your ability to renovate. While the hotel construction market has experienced a period of considerable growth over the last couple of years, experts are waiting for the other shoe to drop.  After such prolonged success, the market is expected to level out due to a continued…

3 Economic Trends in the Hotel Construction Market

Learn which trends are influencing the hotel construction market. Recently, the hotel construction market has maintained a relatively healthy amount of growth, especially compared to the last twenty years.  However, those involved in the hospitality construction industry need to know what trends to expect in the near future.  Here is an update on hotel construction…

How Hotels are Putting More Focus on Fitness Centers

Learn how hotels are making on-site fitness centers a priority. In the past, hotels have treated their gyms as oversights—offering the bare minimum to even qualify as an onsite fitness center.  However, as the health and fitness movement swept through the county, properties were pushed to revamp their gyms.  Now, upgraded fitness centers are treated…

Increasing Popularity of Mixed-Use Properties

Explaining the growing trend towards mixed-use properties. In recent years, mixed-use developments have become a major force in the hospitality, residential, and commercial markets—and for good reason.  By mixing assets, property owners can offer their guests and residents greater value in the form of convenience and increased amenities. Additionally, it seems that mixed-use developments are…

Mixed-Use Developments: Design Considerations

Here are some of the things to think about when designing a mixed-use property. If you are looking to make a lucrative investment, then developing a mixed-use property is a great option.  However, when it comes to designing and organizing mixed-use spaces, some property owners run into trouble.  To ensure that your property is designed…

Making New Hotels Stand Out

With a considerable number of new hotel builds popping up across the country, here’s how hoteliers can stand out from the crowd. The hospitality industry is experiencing considerable growth, as evidenced by the number of new hotel construction projects popping up all over the country. However, this growth also means more competition for these new…

Myths Surrounding the Hotel Renovation Process

If you are looking to jumpstart the hotel renovation process, don’t be misled by these common misconceptions. Planning on undertaking a major effort to renovate your property? If so, you are taking a risk with all the money and time you are putting at stake. Unfortunately, buying into common misconceptions can place you at an…


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