Is your hotel in dire need of a renovation ?

So where do you start and what provides the best return? Based on our results, we have found that the following renovation items completed in phases yield the best results:

1. Work on increasing the curb appeal by upgrading the grounds and the exterior of the building.
2. Take 50% of your units and redo the interiors by upgrading furniture, carpets, beds, drapes, bathrooms and so on.
3. Redo your lobby and common areas to provide a modern look.
4. Complete renovation of the remaining units.

There you have it, a quick overview of where I think you should put your money and in what order.