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VALUE CREATION THROUGH CAPITAL INVESTMENT, RENOVATION AND REFURBISHMENT
Premium brands have a national reputation for value and quality. To maintain guest expectations and deliver strong RevPAR and NOI margins, brand mandated property improvements (“PIP’s”) are required.
PIPs may include:
- Guestrooms: New furniture, new décor, new softgoods and updated bathrooms
- Public Areas: Redesign of the lobby, breakfast dining area, and meeting space to create open communal spaces that can be flexible and can accommodate changing needs throughout the day.
- Exterior: New roofline and facades, new paint schemes, addition of exterior lighting, and other minor site and structure updates
2017 PIP Schedule
|Start Date||No. of Properties||PIP Scope||Displacement|
|Q1 2017||3||Roof Replacement, Lobby, Atrium, Corridors, Guestrooms||Minimal Impact|
|Q2 2017||4||Exterior Painting, Public Areas, Corridors, Meetings Rooms, Lobby, Guestrooms||Minimal Impact|
|Q3 2017||2||Public Areas, Guestrooms||Minimal Impact|
|Q4 2017||3||Exterior, Public Areas||No Impact|
American Hotel Income Properties’ hotel manager is experienced at mitigating revenue displacement during PIP renovations by selecting slower demand periods for PIP’s to minimize guest displacement and most PIP’s are completed within one or two quarters.