Library Archives

 
Bob Cerrone

The beginning of a hotel renovation marks the start of a ticking clock. When the clock runs out, renovation projects must be complete or the hotel faces consequences that range from losing reservations to unnecessary customer disruptions from a building still under construction during a major meeting or convention. These consequences are far greater than just inconveniencing guests; they mean poor reviews, lost revenue, and visitors who may never stay at the property again. READ MORE

Kyle Rogg

Designing a hotel for operational efficiency can save owners money and increase a bottom line, while still offering guests aesthetically pleasing and comfortable rooms with competitive guests. In this article, Value Place's Chief Operating Officer and President Kyle Rogg will discuss how hotel owners can improve a hotel's efficiency through design changes in lighting, flooring, fixtures, geographic building designs, and energy management systems, as well as the monetary savings that can be achieved. READ MORE

Julia Watson

For hoteliers, there are many variables to consider when trying to decide which is better - acquisition and renovation of an existing hotel or development of a new one? With so much to consider, it can be challenging to decipher which makes more financial sense. Objectively the end goal is to determine which will lead to profitability faster, but how is that determined? With the right plan of action to navigate the decision making process, the difficulty in reaching an educated decision can be greatly reduced. Regardless of your proposed project, there are a series of steps that can simplify the process when deciding to renovate or build. READ MORE

Fred B. Roedel, III

The process of identifying, qualifying and acting on a new hotel location does not have to be a daunting or overwhelming task. In fact it can be a fun and exciting process as long as you establish your objectives and fully investigate the opportunities presented to you. Roedel Companies, through its construction management subsidiary, ROK Builders, is in the business of designing, building and renovating nationally branded hotels along the east coast of the United States, both for itself and independent investors. Over the past four years, ROK has completed over 40 major renovation projects along the east coast for independent investors. Learn about the five most crucial points to address when selecting a location for your hotel in this article. READ MORE

Fred B. Roedel, III

Customers, brands and markets are constantly evolving and changing and how you evaluate and react to these dynamics within the parameters of your own investment discipline can position you for some tremendous upside as our industry's performance improves. READ MORE

Sara Fedele

What will be changing the hospitality business? How can we create effective business strategies? We all agree that running a business today is more complicated and requires more resources (financial, human, technological, etc.) than in the past. Have we ever asked ourselves why and what exactly it is that has really changed? The feedback that we receive from senior managers of international hotel corporations during think tanks and interactive workshops is always the same: "Everything is changing!"But what are the elements representing this "change"? READ MORE

Julia Watson

In a changed hospitality industry, post economic collapse, a new low-price standard has been set for construction services. How did construction pricing get to this point and what are the risks associated with hiring inexpensive labor to complete projects? We are a national general contractor specializing in hospitality construction services and are among a limited few who remain strong in the industry. Read on to learn about the conditions leading up to this point, where the industry is headed, and what to be mindful of for your next project. READ MORE

Sara Fedele

Running a hospitality business today is much more complicated and requires more resources than in the past. When talking about this topic, the feedback from senior managers of international hotel chains is always the same: "Everything changed... The clients changed, as did their satisfaction threshold." Due to the Internet, social media and the low cost phenomenon, the customer of today is more informed, travels more, and as a consequence, he is much more demanding. He looks for excellence, for sophistication, for unique emotions and experiences, but... he doesn't lose sight of his wallet. READ MORE

Donald R. Boyken

Over the last thirty-five years I have studied demographic and industry patterns. As a CEO, I understood that one of my key responsibilities was to look into the future, anticipate the markets and place my company clearly in the position to capitalize on the market trends. Demographic patterns have clearly been one of those tools I used to anticipate movement in the marketplace. The Hospitality industry has a repeatable pattern of recovery from economic downturns. Those CEOs who provide services to the Hospitality industry will do well to pay attention to these patterns and position their company's production capacity and marketing focus to provide products and services to the industry. READ MORE

Fred B. Roedel, III

Renovation projects are successful only when a host of elements come together. The processes and systems that companies develop over time to improve their overall operating performance are often times referred to as Best Practices. Whether you think the term 'Best Practices' is a fad or not, successful companies are often that because they do certain things very well. We have been in the business of owning, operating and renovating hotels for over 40 years and the following is our list of best practices when it comes to successfully renovating hotel properties in an operating property. READ MORE

Fred B. Roedel, III

Maintaining your hotel in top form is critical to realizing its optimum free cash flow ability and its long-term value. Implementing a well thought out annual inspection program will allow you to promptly identify and address maintenance issues. This article will show you how your hotel's value can benefit from four key maintenance areas and provide insight into the most proven approach to maintaining hotels in top condition. READ MORE

Fred B. Roedel, III

Correctly integrating new construction techniques and processes into the development of a new hotel can improve the time, cost and or quality of property. In order to realize the value of new construction techniques and processes, it is critical to take the time to fully understand them, their potential value to the overall project and the time and effort their implementation requires. Learn about how your next new hotel development can benefit from new construction techniques and processes by reading this article. READ MORE

Larry K. Kimball

This past tumultuous two year period has seen large and small banks come and go, regulations rise, consumer demand fall, hotels close, and the general public's acceptance of uncertainty about the future. While we are all reluctantly drinking the "new normal" kool-aid manufactured by Wall Street and politicians, commercial real estate developers need to consider the implications on financing. Financing from private sources is growing as new regulations affect institutional lenders so the landscape is changing. This article is a roadmap for successfully navigating the 2011 financing maze. READ MORE

Jim Holthouser

As hotel development in North America slowly regains impetus, Jim Holthouser, global head of Embassy Suites and full service brands, Hilton Worldwide, and William Fortier, senior vice president, development, Americas, Hilton Worldwide, examine how the Embassy Suites Design Option III prototype and the Kit of Parts approach have sustained brand viability through the economic downturn and continue to support developers as the industry rebuilds. While site selection is a key component to success in the hotel industry, in-depth understanding of the marketplace and a flexible approach to design are equally vital. READ MORE

Larry K. Kimball

Municipalities throughout the U.S. are on the proverbial financial ropes and that is not good news for prospective hotel developers. Taxpayers are realizing public long term debt obligations will be harder to meet and this will create new pressure on politicians. We will discuss how we got here, where it is headed, and best practice strategies hoteliers can use to obtain financial incentives in future public-private partnerships. READ MORE

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Coming up in November 2020...

Hotel Design: Home Away From Home

With the rise of the sharing economy and the peer-to-peer marketplace for lodging options, hoteliers are re-thinking the look, feel and appeal of their locations. There is an emphasis on re-creating a feeling of homeyness - a comfortable, cozy and inviting space that feels like home. 'This is accomplished through the careful selection of furniture design, paint colors, lighting design, artwork, bathroom fixtures and textile accessories. In addition, some hotels are providing their guests with upscale amenities, such as a book and movie library, home-style kitchenettes, a coffee machine with locally-sourced beans and tea, or even a batch of fresh-baked cookies. Similarly, there is a growing design trend based on the concept of place-making. Travelers are searching for experiences that are unique and authentic to the locale in which they find themselves, and so hotel designers are integrating a sense of place into their work. This is partially achieved by incorporating traditional artisanal crafts and other local artwork into hotel rooms and communal spaces. Another design trend includes the creation of full-service, co-working environments within the hotel. Guests don't like to stay alone in their room when they need to work, so now they can go downstairs to the lobby-or up to the roof-to work among others. These areas encourage guests - and non-guests alike - to stay as long as they like and to partake of hotel amenities. Finally, recognizing the importance of the Wellness Movement, some designers are exploring how room design can increase the likelihood of deep and restorative sleep. Creating dark and quiet spaces, blocking excessive light, providing guests with a selection of different kinds of pillows, and the ability to control room temperature, are a few of the best practices in this area. These are some of the architecture and design topics that will be covered in the November issue of the Hotel Business Review.