Should I Stay or Should I Go? The Pros & Cons of Keeping Your Hotel Open During a Renovation

Sam Cicero, Jr. | October 17, 2016

By Sam Cicero, Jr. In 2015, owners of hotels in the United States spent a record $6 billion on capital expenditures, including renovations. This compares to $2.7 billion spent in 2010 as the industry climbed out of the Great Recession. Needless to say, hotel renovations are on the upswing. If you are a hotel owner or operator, balancing the need for cash flow with renovation objectives can be difficult. Often it leads to one of the most crucial decisions made during renovation planning: Should we keep the hotel open or should we close. The answer lies in the scope of the project plus any role seasonality plays in the business, among oth...