hotel remodel
New York Market Leads U.S. With Number of Hotels Under Construction in Q1 2024
Lodging Econometrics (LE) | May 29, 2024
May 29, 2024 – PORTSMOUTH, NH – Lodging Econometrics (LE) releases the latest on hotel development for the New York, NY market, prior to the NYU International Hospitality Industry Investment Conference (NYU Conference). In the Q1 2024 LE Market Trend Report for the New York market, analysts report the market has a total of 78 projects/13,549 rooms in the hotel construction pipeline, the tenth largest pipeline by projects of any market in the U.S. Of the top 50 markets in the U.S., the New York market leads with the greatest number of hotels presently under construction standing at 47 projects/7,655 rooms. Projects scheduled to start...
Avoid Cost Overruns During Hotel Renovations
Cicero's Development Corporation | July 17, 2020
An accurate Scope of Work gives direction, timeline and purpose to renovation PLAINFIELD, IL, JULY 16, 2020 - Renovating a hotel can be a daunting task, one fraught with financial risks. However, by carefully determining the Scope of Work, the sticky issues that might derail a renovation project can be addressed effectively and strategically before the first day of construction. First off, what is a scope of work? A scope of work is a detailed document explaining exactly what is expected of a team completing a construction contract. It contains information that gives direction and purpose to every facet of a renovation—information hot...
