What is a Property Improvement Plan?

When a hotel owner is ready to renovate his property, he commissions a PIP, or property improvement plan, to bring his hotel back to brand compliance standards. Due every 6-10 years, PIPs are a regular protocol in hotel maintenance.

• Site
• Envelope and Structure
• Roof
• PME's
• Fire and Life Safety
• Interior Upgrades
• Common Spaces and Design Elements
• FF&E

Once the PIP is completed and delivered, owners work out an improvement schedule with their brand manager.

In the end, the property improvement plan has two aims. First, it modernizes the hotel's appearance, gaining guest attention and increasing revenue. To the prospective guest, shiny, new items stand out and invite. Failing items deter.

Second, it confirms the hotel's appearance to their global brand (Hilton, Marriott, IHG, Wyndham, Four Seasons, and others). These brands want a predictable, harmonious encounter for each client, regardless of location.

WBTreece Consultants performs PIPs across the nation, specializing in $5-20M hotels. Contact us here.