CapEx planning is something that theoretically comes up each year of a hotel’s life span. Some years the resulting CapEx from those capital expenditure plans are performed and some years they are purposely deferred. None the less, this yearly occurrence of the CapEx planning process tends to cause hoteliers to focus on a 12 month cycle versus a long-range (multi-year) management tool.  This is unfortunate, since long-range Capital Expenditure Plans offer so much more information in which to base strategic decisions. [Read more…]