A hotel that is not renewed when the time comes is doomed to lose value and success. If hotel management wants to maintain stability and efficiency, the most important thing to do is to consider hotel renovations as a top priority.
What hotel management often doesn’t anticipate is carrying the renovation with multiple teams at the same time, in most cases work done in less time, and lower prices. This helps subcontractor teams to continue to work uninterruptedly and can help to complete the project and make it ready for guests in less time with less interrupted services.
The key to a successful renovation project; defining the standards of time, cost and quality of the project.
WHAT IS THE BEST TIME FOR HOTEL RENOVATIONS?
Hotels need absolute improvement at certain times, but it is important to keep their guests happy while there are physical changes in their surroundings. Some hoteliers may predict that there is never a good time to renovate their structures.
In 5-star hotels, a hotel is known to have basically three cycles in its commercial life: refresher, basic renovation and complete renovation.
- The first cycle can occur in the first three to six years: between $ 8,000 and $ 12,000 per room, covering the renovation of furniture, equipment and furniture.
- After about 12 years, basic renovations come and cost an average of $ 20,000 per room.
- Finally, after nearly 50 years, a massive complete renovation can cost up to $ 100,000 per room.
Consider the optimal time when you want the renovated property to be ready to receive guests. “… Depending on the commercial concept of the hotel, the hotels undergo renovation works during the season when corporate customers are decreasing or the tourism season is over”
In any case, you should consider loss of income during the modifications. Therefore, it is best to evaluate the total impact on your income, both during the renewal period and after the completion of the renewal.
It is also important to be aware of the market. Is there a special event to consider in your area? What are your competitors doing? What are the forecasts for periods of reduced demand and can you complete the renewals before your season rises?
Regardless of the size, one of the best ways for hotel owners and investors to ensure that projects are completed within a certain budget, is to get together a team of professionals with extensive hotel experience who will work together to supervise the entire renovation. Starting off at the beginning of the process, relying solely on construction expertise, typically means acting with less likelihood to meet time, cost and quality standards. Instead, the planning should include core team members, investors, operators, interior architecture and subcontractors.
The hotel’s restaurant renovation costs are always based on the size of the area, the selected materials, labor and so on. It is related to. As a general rule, the minimum investment required to build a restaurant from scratch should not be less than $ 200,000. In contrast, if you are renovating a restaurant, the average cost can start at $ 100,000. Equipment cost varies from $ 30,000 to $ 100,000, depending on your choice. If you can leasing, you can save the initial cost.
Now that we know when and how much, we wonder how long the hotel renovation will take.
Renewal can take weeks – sometimes months. Below are three similar remodeling projects undertaken by hotel owners. – completion of the same projects by professional contractors will take at least one – two weeks.
- Renovation of suites or bedrooms / Median cost: $ 65,000 / Duration: 8 to 10 weeks
- Complete restaurant renovation / Median cost: $ 60,000 / Duration: 8 – 12 weeks
- Bathroom renovation / Median cost: $ 26,000 / Duration: 2 to 3 weeks
- What is your design lead time?
Bizix Hospitality experts can complete your renovation projects in a short time. After being assigned to your project, it follows a strict work schedule. Your customer representative will help you get 100% satisfaction from our service.
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