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Saturday, March 28, 2009

Travel - renovation and a competitive advantage!

Interior makeovers give historic buildings new life as hotels

Historic buildings that evoke the elegance of a past era are finding new lives as modern, instantly iconic hotels.

One benefit of the reuse, recycle mindset that has developers creating fabulous new properties in the shells of once-grand buildings is that elegance and glamour are returning to interior design.

This is just an informative article for our customers.

http://www.hotelinteractive.com/article.aspx?articleid=13065

Renovations:

The development of capital replacement budgets and the setting aside of reserves for replacement are long term strategies that keep a property fresh and competitive in the marketplace. If an organization has reserves for replacement set aside, now may be a good time to implement needed renovations which will allow the property to emerge stronger when the economy improves.

The accelerated price of energy earlier this year suggests that renovations related to energy efficient technology would yield future returns. If the property is experiencing reduced occupancy, renovation disruptions will be minimized relative to the guest experience. So, I think we did very well for the past year!

A native of Germany, he says this is a European sensibility. "In America you think, 'It's bigger, it's better,' but many places in Europe you didn't have the space, so you made very small jewels."

This is exactly how we think about our property as a "JEWEL" - that is!

Renovation, staying in business in tough times and meeting the "GREEN" guidelines

http://www.ahla.com/Green.aspx?id=24560

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and just another 'Green" fun link!

http://green.yahoo.com/blog/daily_green_news/8/twelve-amazing-shipping-container-houses.html


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