Hotel & Casino Procurement | Stroud Group

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Planning a Casino Renovation or Expansion Project? Here’s What You Need to Know.

As the saying goes, “the house always wins”. But what about those who own the house? With the introduction of virtual gambling and casinos emerging from the pandemic, it’s more important than ever for casino owners to reinvent their buildings to attract more customers. That’s why we’ve put together this list of our best tips for planning a casino project, expansion, or renovation. Let’s get started.

Start with Your Vision for the Casino
It’s important to have a clear vision of what you want to achieve before getting started on any project. Consider what type of experience you want your customers to have when they visit your casino and let that guide the entire process. Do you want an upscale Vegas-style experience or something more relaxed and leisurely? Are there any special features or amenities that will make your casino stand out from the competition? Create a plan that captures all of these elements and use it as your roadmap throughout the process.

Know Your Casino Customers
The key to any successful business strategy is knowing your audience. Before you begin any sort of design process for your casino, do some research into who your target customers are and what they want from an experience in your establishment. Are they looking for a luxurious night out? Or are they simply seeking entertainment? Knowing this information will help you create a plan that meets their needs and keeps them coming back again and again. 

Know Your Budget
Creating a detailed budget is crucial when it comes to any remodeling or construction project, including casinos. Having an accurate budget will help you determine how much money you need and where it should be allocated. It also prevents unforeseen complications that could arise due to a lack of funds or mismanagement of resources. This is especially true if there are any unexpected costs that arise during the course of the renovations – such as upgrades or changes in materials – as those additional expenses can quickly add up and throw off your entire timeline if not managed properly.   

Choose Your Casino Layout
The layout of your casino will determine how customers navigate through it and which games they are most likely to play. When deciding on a layout, consider factors such as foot traffic patterns, lighting levels, sound levels, seating arrangements, game type placement, etc., all of which can affect the customer experience in subtle but important ways.  Also consider incorporating features such as kiosks or touchscreens that allow customers to access additional information about different games or promotions quickly and easily. 

Find the Visual Elements for your Casino
Once you have chosen the perfect layout for your casino project, it’s time to start designing the visual environment. This includes everything from choosing furniture and fixtures that match the overall aesthetic of your building to selecting artwork that reflects its theme or brand identity. You should also pay special attention to any audio or visual elements in gaming areas such as slot machines or table games; these elements should be designed and laid out with customer engagement in mind at all times! 

Choose Professionals Experienced in Casino Projects
Selecting an experienced contractor who understands gaming and casino regulations is key.  A contractor with vast experience working on casino projects will be able to anticipate any potential issues along the way and help guide the process toward success. They should be well-versed in relevant gaming regulations so there are no unexpected delays due to non-compliance issues. 

At The Stroud Group, we leverage our vast network of contacts in the gaming industry along with our expertise in managing projects from start to finish to ensure nothing gets overlooked during renovations or expansions. 

So no matter how big (or small) a casino project may be, having experienced professionals manage it can save time, money, and headaches down the line! Stroud Group has partnered with casinos internationally to create one-of-a-kind experiences that keep customers coming back again and again—so contact us today if you’re ready to get started on your next exciting venture! With more than 50+ years of experience in the hospitality industry, our team is well-equipped to handle even the most complex renovation or construction projects. Plus, we’re always transparent and communicative with our clients, so you’ll always know what’s going on with your project—and we’re not afraid to offer creative solutions when needed! Contact us today for a free consultation at stroudgroup.com 

 

The Top Secrets of a Successful Hotel Renovation or New Hotel Construction Project

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A successful hotel renovation or new hotel construction project requires careful planning and execution in order to stay on time and on budget. In this blog post, we’ll reveal some of the top secrets for achieving success with your hotel renovation or new construction project, including how to manage supply chain costs and procurement. By following these tips, you can be sure that your project will run smoothly and be completed on schedule.

  1. Manage Your Supply Chain Costs Carefully

    One of the most important aspects of any hotel renovation or new construction project is managing the costs of your supply chain carefully.  Hotel procurement firms should stay up to date on pricing and maintains excellent vendor relationships to get the FF&E and OS&E products every hotel needs. By carefully monitoring your costs and working with reputable vendors, you can be sure that your project stays within budget.

  2. Plan the Timing of Your Orders Accurately

    Another important tip for success is to plan the timing of your orders accurately. This includes both ordering materials in a timely manner and avoiding Rush Charges whenever possible.  Stroud Group has longstanding relationships with vendors that enable us to get the materials you need without incurring last-minute Rush Charges. We also carefully track the progress of your project so that we can place orders for materials well in advance, ensuring that everything arrives on time.  This not only ensures a successful project but also means your budget stays on budget.

  3. Maintain a Detailed Project Schedule

    Ordering products and keeping a tight schedule doesn’t just magically happen.  One of the keys to success for any hotel renovation or new construction project is maintaining a detailed project schedule. This schedule should include not only when different tasks need to be completed but also who is responsible for each task.   The best hotel procurement teams will have detailed specialists that are aligned to take care of every detail, no matter how small, to keep every project moving forward.

  4. Communicate Regularly With All Stakeholders

    Another important tip for success is to communicate regularly with all stakeholders throughout the duration of your project. This includes not only keeping hotel owners and hotel owner groups updated on the status of their project, but also communicating with contractors, architects, engineers, and other members of the hotel project.  

    At Stroud Group, we believe that effective communication is essential for any successful construction project. We use a variety of methods to keep our clients informed about their projects, including weekly conference calls, progress reports, and video updates when needed.

    When it comes time to choose a hotel procurement company for your next project, keep these four things in mind. And if you’re still not sure where to start, we recommend checking out Stroud Group. With more than 50+ years of experience in the hospitality industry, our team is well-equipped to handle even the most complex renovation or construction projects. Plus, we’re always transparent and communicative with our clients, so you’ll always know what’s going on with your project—and we’re not afraid to offer creative solutions when needed! Contact us today for a free consultation at stroudgroup.com

Top Signs Your Hotel May Be Ready for a Renovation

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In the hotel industry, it’s important to always be ahead of the competition. One way to do this is to make sure your hotel is updated and in excellent condition. typically, mild renovations happen about every 7 years with drapes, furniture, rugs, and other key furnishings. But how do you know when it’s time for a more major renovation? Here are some top signs that your hotel may be ready for a facelift:

  1. Your lobby is outdated or not inviting

    First impressions are everything in the hotel business. If your lobby seems dated or uninviting, it may be time for a change. A fresh, updated lobby will make a good first impression on guests and make them want to stay at your hotel.

  2. Your rooms are in need of updating

    Similarly to your lobby if your guest rooms are in need of updating, it may be time for a renovation. Outdated furniture, carpeting, and decor can make guests feel like they are not getting the modern experience they crave when staying at a hotel.

  3. The Dreaded Complaints

    If you have been getting more complaints than usual about your hotel, it may be due to the fact that it is in need of some updating. Guests today expect a certain level of quality and comfort when staying at a hotel, and if your hotel does not meet those expectations, they will not hesitate to let you know or take their business elsewhere.

  4. Your competitors have recently renovated

    Another sign that it may be time to renovate your hotel is if your competitors have recently gone through with a renovation themselves. In order to keep up with the competition and attract guests, it is important to make sure that your hotel is on par with or better than the competition. If they have updated their lobbies, guest rooms, and amenities, you should too! 

  5. You are losing business to newer hotels

    Finally, if you have noticed that you are losing business to newer hotels in town, it may be because they offer a more updated experience than your own hotel does. In order to attract guests and keep them coming back, you need to make sure that you are offering an experience that rivals or surpasses that of newer hotels.

    Has it been 7 years or more since you last updated your lobby or guest rooms? Have you been receiving more complaints than usual about the condition of your hotel? If so, it may be time for a renovation! Keeping up with the competition is essential in the hotel industry today, and making sure that your lobby and guest rooms are up-to-date is one way to do that.  

    And keep in mind, when it comes time to embark on a hotel renovation, the key to a successful project is to choose a hotel procurement company to manage the in’s and out’s of the finite details that go into any property improvement plan.  With more than 50+ years of experience in the hospitality industry, our team is well-equipped to handle even the most complex renovation or construction projects. Plus, we’re always transparent and communicative with our clients, so you’ll always know what’s going on with your project—and we’re not afraid to offer creative solutions when needed! Contact us today for a free consultation at stroudgroup.com

What to Expect When Working with a Hotel Procurement Firm

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If you’re a hotel owner or manager, chances are you’ve had to renovate your property at some point. And if you’re embarking on a new hotel project, you’ll definitely need the services of a hotel procurement company. But with so many hotel procurement companies and options out there, how do you choose the right one? Here are four things to look for when selecting a hotel procurement company.

  1.  Look For Solid Industry Experience

    When it comes to something as important as your hotel project, you want to partner with a company that has experience in the hospitality industry. Look for a company that has worked on similar projects to yours and can provide references from satisfied clients.  A solid work catalog and previous projects will be instrumental in your selection process.

  2. Transparency and Communication Is A Must

    You should always feel confident and comfortable communicating with your hotel procurement company. They should be open and honest with you about every aspect of the project, from budget to timeline to potential challenges. A good procurement company will also keep you updated throughout the process so that you’re never left in the dark.  Ask questions upfront about their process, how they manage time, what happens if/when there are issues, and what types of reporting are available.

  3. Cost-Effective Solutions

    You definitely want solutions that are budget-friendly.  And of course, you want to save money wherever possible on your hotel project. But beware of companies that cut corners or only source the cheapest furnishings just to save a few bucks.  A good procurement company will have an extensive database of FF&E and OS&E vendors and contractors that will work for you, not against you.  Your procurement team should help you find cost-effective solutions that don’t sacrifice quality or the safety of your future guests.

  4. Flexibility and Creativity

    The best hotel procurement companies are flexible and have the ability to think outside the box. Because no two projects are alike, they should be able to tailor their services to meet your specific needs. So if you want 500 zebra lamps, you should be able to get 500 zebra lamps!  They should also be open to your ideas and input, and willing to offer creative solutions when problems arise.

    When it comes time to choose a hotel procurement company for your next project, keep these four things in mind. And if you’re still not sure where to start, we recommend checking out Stroud Group. With more than 50+ years of experience in the hospitality industry, our team is well-equipped to handle even the most complex renovation or construction projects. Plus, we’re always transparent and communicative with our clients, so you’ll always know what’s going on with your project—and we’re not afraid to offer creative solutions when needed! Contact us today for a free consultation at stroudgroup.com