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Acquisition Planning

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    • Home
    • Services 
      • Tax Appraisal Appeal
      • Construction Development
      • Hotel Renovation Consulting
      • Campus Asset Advisors
      • Building Revenue Assessment
      • Property Condition Assessment
      • Environmental Site Assessment
      • Capital Needs Assessment
      • Capital Reserve Study
      • Cost Segregation Study
      • Triple-Net Lease Inspection
      • Equity PCA
      • Facility Condition Assessment
      • Commercial Building Inspection
      • Construction Loan Monitoring
      • 203k Consultants
      • Grease Trap Inspection
      • Property Portfolio Review
      • Commercial Energy Audit
      • Commercial Investors
      • Commercial Inspection Training
    • Projects
    • About
    • Contact Us
    Call Now
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    Acquisition Planning

    • Home
    • Services 
      • Tax Appraisal Appeal
      • Construction Development
      • Hotel Renovation Consulting
      • Campus Asset Advisors
      • Building Revenue Assessment
      • Property Condition Assessment
      • Environmental Site Assessment
      • Capital Needs Assessment
      • Capital Reserve Study
      • Cost Segregation Study
      • Triple-Net Lease Inspection
      • Equity PCA
      • Facility Condition Assessment
      • Commercial Building Inspection
      • Construction Loan Monitoring
      • 203k Consultants
      • Grease Trap Inspection
      • Property Portfolio Review
      • Commercial Energy Audit
      • Commercial Investors
      • Commercial Inspection Training
    • Projects
    • About
    • Contact Us
    • …  
      • Home
      • Services 
        • Tax Appraisal Appeal
        • Construction Development
        • Hotel Renovation Consulting
        • Campus Asset Advisors
        • Building Revenue Assessment
        • Property Condition Assessment
        • Environmental Site Assessment
        • Capital Needs Assessment
        • Capital Reserve Study
        • Cost Segregation Study
        • Triple-Net Lease Inspection
        • Equity PCA
        • Facility Condition Assessment
        • Commercial Building Inspection
        • Construction Loan Monitoring
        • 203k Consultants
        • Grease Trap Inspection
        • Property Portfolio Review
        • Commercial Energy Audit
        • Commercial Investors
        • Commercial Inspection Training
      • Projects
      • About
      • Contact Us
      Call Now
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      What is a Property Improvement Plan?

      Hotels are for renovating

      When a hotel owner is ready to renovate his property, he commissions a PIP, or property improvement plan, to bring his hotel back to brand compliance standards. Due every 6-10 years, PIPs are a regular protocol in hotel maintenance.

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      • Site
      • Envelope and Structure
      • Roof
      • PME's
      • Fire and Life Safety
      • Interior Upgrades
      • Common Spaces and Design Elements
      • FF&E

      Once the PIP is completed and delivered, owners work out an improvement schedule with their brand manager.

      In the end, the property improvement plan has two aims. First, it modernizes the hotel's appearance, gaining guest attention and increasing revenue. To the prospective guest, shiny, new items stand out and invite. Failing items deter.

      Second, it confirms the hotel's appearance to their global brand (Hilton, Marriott, IHG, Wyndham, Four Seasons, and others). These brands want a predictable, harmonious encounter for each client, regardless of location.

      WBTreece Consultants performs PIPs across the nation, specializing in $5-20M hotels. Contact us here.

      Visit WBTC Sister Sites here: 

      • WBTC Main
      • WBTC South Carolina
      • WBTC Alabama
      • WBTC New England
      • WBTC Los Angeles

       

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