How to successfully renovate your Hotel
The Asset Store handles the FF&E liquidation and installation of over 10,000 rooms a year. One of the most common questions we are asked by hotel ownership groups and general contractors is, "What is the key to a successful hotel renovation project?"
It is imperative that all parties involved in a hotel renovation are fully connected. The hotel owners, general contractor, subcontractors, hotel employees, and hotel guests must all be connected to the project and understand how the renovation will impact them.
The Asset Store has seen tremendous success on even the most challenging renovation projects when communication is driven from the top down. All parties who are involved with the renovation must receive daily email updates on the project status. This level of communication ensures that all problems and issues are handled in real time.
A lack of communication allows even the smallest of issues to mushroom and quickly cause issues for every trade involved in a hotel renovation project.
- Build Excitement
There will always be bumps during a hotel renovation project but a positive attitude from all parties involved will ensure that the momentum stays moving forward. The Asset Store tries to always remind everyone that we are all working hard to deliver an exciting and new guest experience. The renovation will result in a happier customer, higher revenue and profit, and the path to grow the hotel brand and business.
- Plan Ahead
The Asset Store has handled hundreds of hotel renovation projects across the country and the one thing we can guarantee will happen is that something unexpected will occur. Successful projects anticipate that there will be bumps in the road and plan accordingly. One of the best practices is to make sure that the schedule is not compressed too tightly. Hotels must anticipate that there will be a delay in the schedule which can often be due to good news. For example, we have seen many projects get delayed because a large group of customers wants to stay in the hotel and the hotel decides to delay the renovation schedule to accommodate the guests.
About The Asset Store
The Asset Store is a full service hotel furniture liquidator of all FF&E. We specialize in 5 star hotel furniture liquidations throughout North America for all hotel flags, stars and brands. We take great pride in our track record of delivering both installation projects ahead of schedule and under budget as well as capex savings in the hundreds of thousands through the procurement of our FF&E packages. We are a fully insured, licensed and bonded contractor and can supply a multitude of references upon request.