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

0

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

0

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

0

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