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You are here: Home / Annual & Multi-Year Plans / CapEx Planning – If Not Now, When?

January 30, 2012 By John Fulton Leave a Comment

CapEx Planning – If Not Now, When?

 

It has been noted in many recent trade journals that 2012 & 2013 will see elevated activity in renovations, compliance to brand standards and the repositioning of hotels!

This expectation comes with a solid foundation!

• All indications point to another year of very little debt or equity financing available for new construction.  This is a huge advantage for existing hotels that revitalize their properties for the coming business demand.  As business improves, no-action regarding deferred CapEx is “poor business”.  It is important that hoteliers take action to both “Extend The Life Of The Asset” and position the hotel to outperform the competitive set.

• Even those properties seeking to secure “contract” business will need to invest in their asset! Prospective clients and meeting planners often demand a commitment that specific items be addressed before an agreement is finalized. Requests such as these may involve meeting room technology, guest room upgrades or fitness center improvements. Identifying and completing those improvements before your client visits your property is strategic! For hotels…..you never get a better time to make a “good first impression”……than the first impression!!

Therefore, properties that refuse to strategically plan and activate upgrades and improvements will miss the full impact of a recovering business environment.  In reverse, those hoteliers that have prudently performed……or are now “kicking-off”  CapEx projects will be the first in line to capture the new business.

So the real question is:  Your CapEx Planning – If Not Now, When?

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Need a little help understanding how John Fulton can formulate solutions to “Extending The Life Of Your Asset” and better organizing your hotel’s “5 Year CapEx Plan”?

Contact John Fulton for details.

Filed Under: Annual & Multi-Year Plans, Budgets & Reserves, Organizational Tagged With: capex, CapEx planning, capital expenditures, economic recovery, Extending The Life Of The Asset, hospitality, John Fulton, management company, renovation

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About Us

About Fulton Hotel Solutions

As the hotel industry now demonstrates a “comeback”, years of diluted and deferred capital expenditures do not have to … Read More...

Recent Posts

  • “Killer Tips” That Turn Your Hotel PIP Into A Winner
  • 3 Hotel PIP Secrets Exposed
  • 3 Common PIP Mistakes – Which Do You Want To Overcome?
  • 4 Deadly CapEx Budget Oversights – Are You Making Them?
  • Stolen CapEx Money – Are You Next?

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John Fulton
CapEx Strategist
(417) 848-2927

205 E. South St., Box 266
Mt. Vernon, MO 65712

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