GLR, Inc.’s Post

Innovative design is crucial in enhancing asset performance in today's competitive landscape. We can creatively transform dead spaces into valuable assets by focusing on intuitive room layouts, inviting communal areas, and sustainable practices. Let's embrace the power of design for a better bottom line. #Hospitality #HotelDesign #HotelTrends

The volume of U.S. hotel rooms under construction reached its highest level in 16 months, according to CoStar’s latest June 2024 data. CoStar, a leading provider of real estate information and analytics, reports this surge as a promising sign for the construction and hospitality sectors. #HotelConstruction #Hospitality #Hotels #ConstructionIndustry #MarketGrowth

Renovating hotel rooms is crucial for maintaining competitiveness and ensuring guest satisfaction. Updated rooms can enhance comfort, aesthetics, and functionality, meeting modern travelers' expectations and needs. Renderings play a vital role in hotel renovation and redesign by offering realistic visualizations of proposed updates, helping stakeholders align on the design vision and detect layout issues early. This ensures smoother project execution and minimizes costly changes. Renderings are also powerful marketing tools, attracting guests and investors by showcasing the new look before construction finishes. Renovations are essential for staying competitive and meeting modern travelers' expectations by enhancing comfort, aesthetics, and functionality. They also address wear and tear, keeping the property appealing and safe, which drives higher occupancy rates and positive reviews. https://lnkd.in/dwb2Bi_2

The U.S. hotel construction market saw record highs in the first quarter 2024. According to Lodging Econometrics, more than 6,000 hotel projects are being worked on nationwide, an all-time high. Read on. #constructionmarket #hotelprojects

Why Renovating Hotels is CrucialEconomic Benefits Renovating hotels saves money by addressing wear and tear before they become costly repairs. Rising material costs make timely renovations more economical. Enhanced energy efficiency through updated systems reduces utility bills and operational costs. Renovation and conversion projects in the U.S. have increased by 54% year-over-year. Technical Benefits Regular renovations prevent technical failures like short circuits and leaks, ensuring guest safety and compliance with modern standards. Improved insulation and energy-efficient systems enhance building performance and guest satisfaction. Financial Benefits Renovations boost property value and allow for higher room rates. Updated amenities attract more guests, increasing occupancy rates and overall revenue. Renovated hotels typically experience a surge in demand, leading to higher profitability. Real Estate Benefits Renovations enhance a hotel's market appeal, making it more attractive to investors and lenders. Well-maintained properties stand out in a competitive market, ensuring sustainable growth and profitability. Thoughtful renovations can preserve a hotel's unique character while introducing modern comforts, increasing its market value.

#LatinAmerica Hotel Construction Pipeline Expands with 11% YOY Growth – Updated New Openings Forecast The Q2 2024 report by Lodging Econometrics highlights an 11% YOY growth in Latin America's #hotel #construction pipeline, totaling 612 projects (97,597 rooms). Key segments include upscale, upper upscale, and luxury. Mexico and Brazil lead, with over half the region's projects. Renovation and conversion projects have surged by 30% YOY. New hotel openings are set to reach 100 in 2024, with steady growth forecast through 2026. The region's #hospitality sector shows strong expansion, supported by increased construction activity and rising renovation efforts, indicating a positive trajectory for the coming years. "#Lateinamerika: Mehr als 600 #Hotelprojekte im Bau" » latinapress Nachrichten https://lnkd.in/dqDgaeab

How to use #hotel design to drive returns

According to recent stats provided by Lodging Econometrics, there are currently 6,095 Hotel Construction Projects in the pipeline with 713,151 Rooms in the U.S. and for 2025 New Hotel openings, there are 7,025 projects in the pipeline along with 87,405 rooms! So how do existing hotels compete with new hotel openings?  When you provide your guests with a unique experience and amazing stay is key. Having the ability to reinvest in providing this experiential luxury for your guests is critical. And the best way to make more room in your budget to provide these is by maintaining your existing FF&E.   Guestroom FF&E is the largest component of a hotel’s existing assets and by making a sustainable choice to refinish instead of replacing FF&E you can experience tremendous savings of a minimum of 50% up to more than 80% of the cost of new furniture. These incredible savings can be reinvested back into amenities and upgrades to your hotel technology, HVAC, lighting, security and so much more that your guests are expecting during their stay. If your hotel paused its much-needed renovation and you are now planning your guestroom renovation, our team at The Refinishing Touch strongly encourage you to first consider the sustainable option of refinishing your existing guestroom furniture instead of replacing it.   The Refinishing Touch provides educated, experienced recommendations to help you eliminate costly FF&E decisions. With over 8,000 completed hotel renovations and 47 years of experience, we are the experts in fully refinishing your guestroom furniture and maintaining your existing assets. As the trusted and Preferred Supplier for HILTON and more, we are here to help make your guestroom renovations successful! Call Jeanne Shannon at 1.800.523.9448 to discuss your 2024 guestroom renovations. Visit https://lnkd.in/dnEzbNn to learn more. #maintainassets #fullyrefinish #incrediblesavings #sustainability #reinvestforyourguests #beready #createmoreroom

Exciting news for the construction market! Dallas is leading the way in US hotel development. This growth is a great sign for the industry, boosting opportunities for innovation and expansion. Let's build smarter and faster together! #HotelDevelopment #ConstructionGrowth #BuildingInnovation #DallasHotels #HotelIndustryTrends

Real Estate News Exchange (RENX) interviewed James D Brown and Hallmark Hospitality to dig deeper into the proposed hotel development. This is a fantastic article sharing insight on what it is like developing a hotel in Vancouver, and what it took to get to the current design. #vancouver #vancouverrealestate #hotel #development #design #architecture #wearezeidler