capex
Hotel Renovations: When to Go Big
Jon Peck | September 6, 2024
Most owners and prospective buyers try to reduce their hotel’s Capex spend associated with PIP or Renovation work and with good reason- to keep their investment basis as low as possible. When and How to “Go Big” on your Hotel Renovation However, there are scenarios below where owners may want to go bigger. The hotel is in a strong demand environment and underperforming the competitive set, especially if the hotel has “good bones” and most of the work would be interior. Owner has broader economic interests. For example, the hotel is or could be part of a mixed-use project and the hotel upgrade would improve the positionin...
Trump Hotels Deploys ReactorNet – BirchStreet’s Integrated P2P Solution
BirchStreet Systems | September 4, 2024
Adoption of BirchStreet’s procure-to-pay enterprise solutions powers digital transformation at six Trump Hotels’ properties in the U.S. and Europe LAS VEGAS – September 4, 2024 - BirchStreet Systems, a leading provider of procure-to-pay automation solutions developed specifically for the hospitality sector, today announced the rollout of the ReactorNet solution across Trump Hotels’ global portfolio of luxury hotels and resorts, as part of a recently signed three-year agreement. Trump Hotels plans to leverage the full suite of integrated solutions, including eProcurement, accounts payable workflow, inventory management, and Capex...
Cloud5 Launches Mitel Subscription Hosted PBX Offering
Cloud5 Communications | January 25, 2023
New offering simplifies process of migrating telecommunications systems to the cloud while providing customization and flexibility Chicago, IL — January 25, 2023, Cloud5 Communications, a leading provider of communications and technology solutions for more than 5,000 hotels, MDUs, and commercial facilities across the Americas, has today announced the rollout of its Mitel Subscription offering. Cloud5’s new Mitel Subscription offering allows hotels to more easily and economically experience the benefits of a cloud-based PBX system. Through this offering, properties can better tailor their telecommunications to the business nee...
Transcendent to Unveil Latest Platform Enhancements at HITEC Orlando, Including Unified Housekeeping, Maintenance and Engineering Operational Manageme
Transcendent | June 15, 2022
Robust new functionality to provide hoteliers with streamlined operations, improved staff productivity and enhanced guest satisfaction, as well as efficient asset management and capital planning capabilities. Tampa, FL — June 15, 2022 — Transcendent, the industry’s leading enterprise asset, maintenance, and capital planning management software, today announced that a new set of feature enhancements will make their debut at HITEC Orlando. Enhancements being featured will include a housekeeping, maintenance and engineering solution that drastically improves cross-departmental collaboration, communication and task management, as well as...
Rising Capex, Development and Wellness Construction
Mia A. Mackman | April 22, 2019
By Mia A. Mackman This article reviews contributing factors to rising capital expenditures and investment demands in relationship to progressively important guest experiences and wellness attributes. As increasing wellness and lifestyle features continue to emerge across the hospitality sector focused on well-being, new value propositions continue to evolve. This article reviews Capex spending increases amid rising construction costs, and consumer demand with an emphasis on the value of incorporating enhanced spa and wellness-oriented property features. Transition and Demand Over the last decade, the spa and wellness sector has faced tr...
While ‘Celebrating the Past and Charting the Future’ Don’t Overlook Event Technologies as a CapEx Investment
Jeff Loether | October 10, 2018
By Jeff Loether This week in Miami, the International Society of Hospitality Consultants is celebrating its 30th Anniversary. Three decades ago, this association was founded by 19 members; today it's a society of 229 members in 29 countries. The theme of the 30th Anniversary event is is "Celebrating the Past, Charting the Future." As someone who has worked in the event technology field for nearly 40 years (from concept through design, to construction, commissioning, and operations), I have spent my career consulting with hoteliers and conference center operators to better manage their AV technologies. This year's Annual Conference theme...
Loss of Productivity: When CAPEX and Management Make No Sense…
Georges Panayotis | September 21, 2017
by Georges Panayotis Productivity is not just the quantity of work done. It also means quality, as Kenneth Hartley Blanchard pointed out. One can only agree with him when working in a sector such as the hotel industry where the quality of service lies at the heart of competitiveness and hotel performance. But has the hotel industry increased its productivity in recent years? Far from it. The sector suffers from a loss of productivity, incapable of sufficiently adapting itself to the constant changes and evolutions of our epoch. Which actors are involved? Hotel groups, hotel operators, employees and the client, or more precisely clients ...
International Society of Hospitality Consultants Launches 2018 Capital Expenditure Data Survey
ISHC | June 12, 2017
ISHC Begins Data Collection, Seeks Additional Industry Participation (June 12, 2017): The International Society of Hospitality Consultants (ISHC), in partnership with the Hospitality Asset Managers Association (HAMA), today announced that the organizations have begun preliminary research for the 2018 CapEx Data Survey, placing an open call to all U.S. hotel owners, management companies and asset managers to participate by July 31, 2017. The data collected will be presented in the upcoming 5th edition of "ISHC CapEx – A Study of Capital Expenditures in the Hotel Industry". STR, the leading industry provider of global data benchmar...
