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You are here: Home / Archives for economic recovery

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

June 14, 2011 By John Fulton Leave a Comment

How To Undo What Tired FF & E Is Doing To Your Hotel!

The past recession has been unusually hard on the physical assets of hotel properties!  In the past, CapEx dollars may have kept your hotel fresh and compliant with guest expectations.  However, several years of non-existent capital expenditures has now come home to roost.

Certainly any hotelier would want to correct issues that are negatively affecting guest satisfaction, destroying price-value and diluting guest loyalty!  After all, it is difficult to grow revenue if a multitude of situations are driving business away.  No hotel is immune from these issues as most hoteliers face situations such as these continually….even in a good economy.

As hospitality indicators are finally showing upward trends, the best solution in correcting tired FF & E (Furniture, Fixtures & Equipment) is to get a fresh look at your hotel.  To accomplish this do a “walk through”.  Do this using a note pad and while having two hotel associates (that are known for attention to detail) accompany you. [Read more…]

Filed Under: Annual & Multi-Year Plans, Lifecycles, Organizational Tagged With: capex, capital expenditures, economic recovery, hospitality

May 19, 2011 By John Fulton Leave a Comment

HD Expo 2011 Driven By Optimism

HD Expo – Vegas 2011 Today was the second day of this annual expo and I am still encouraged about the turnaround in hospitality.  This morning I participated in the “Owners’ Roundtable” event sponsored by ISHP (International Society of Hospitality Purchasers).  [Read more…]

Filed Under: Organizational Tagged With: capex, economic recovery, hospitality

May 14, 2011 By John Fulton 4 Comments

3 Deadly CapEx Mistakes Made During Economic Recoveries – Which Are You Doing?

Deadly CapEx Mistakes for HotelsDuring economic recessions, it is no surprise that hoteliers are forced to reduce spending. Even though this process generally affects all areas and departments of a hotel, it is always unfortunate when CapEx is one of the sectors affected with deep cuts.

Once economic recoveries begin to emerge, most hoteliers will soon start thinking about dusting off their CapEx plans. However, waiting to update existing CapEx plans until after a recovery has started is not recommended. Instead, updating and re-aligning strategies previous to an economic recovery is crucial. Using this proactive approach, the planning is properly thought-out and completely assembled for action before it is needed. Therefore,  hoteliers can be prepared to quickly implement CapEx when economic conditions warrant such.  This will allow quick action to differentiate between their product and the competition. To even further maximize the results, avoid making the following costly mistakes. [Read more…]

Filed Under: Annual & Multi-Year Plans Tagged With: capex, economic recovery, hospitality

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  • 4 Deadly CapEx Budget Oversights – Are You Making Them?
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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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Fulton Hotel Solutions LLC

John Fulton
CapEx Strategist
(417) 848-2927

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

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