by
Jack Levy, CBRE Hotels Consultant | Mar 21, 2023
Capital expenditure (Capex) deferments, impending property improvement plans (PIPs), higher interest rates, and budget constraints make the diligent allocation of capital more important than ever.
There are six key areas capital commitment committees look for when evaluating a hotel Capex plan for approval; brand, operational impact, food & beverage opportunities, property condition, budget and financing. The article below discusses six corresponding considerations to address when evaluating plans.
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