Owners’ Guide to Renovating a Hotel

renovating a hotel
renovating a hotel

Whether it’s changing careers, updating your home, or taking up a new hobby, a new year presents the perfect opportunity to say “out with the old and in with the new”.

And this applies to renovating a hotel too!

With 2023 upon us, now is the perfect time to start thinking about renovating your hotel and giving it a fresh lease of life, especially if it is looking and feeling a little dated and in need of some TLC.

However, renovating a hotel is no easy feat and it’s important that you plan your renovation project with meticulous attention to detail so that you can achieve your vision, without going over budget.

Whether you’re in the midst of a renovation project or about to begin one, you’re in the right place. Here are our top renovation tips.

Always plan ahead

Thorough planning is the key to any successful renovation project and it’s important that every element is planned out carefully to minimise disruption and keep your guests happy.

Review your hotel booking system to determine the quietest times of year for your hotel, so that you can map out when to start and finish your project. And you should always let your guests know if any renovation work is planned during their stay.

Set your goals and nail down your budget

Renovation work begins with a vision. Once you have an idea of exactly what you want to achieve, write down your goals and map out how you will achieve them.

If you’re carrying out a particularly big renovation, you might need to get a project manager, builders and designers on board.

Your planning should also include all costs so that you know where you stand financially. You don’t want to get halfway through your renovation project to realise you don’t have the money to complete it.

Conduct a full-scale survey of your hotel

Before starting your renovation project, you should complete a full-scale survey of your hotel to determine if there are any areas that urgently need to be addressed.

If you’re working with a strict budget, for example, you might have to prioritise areas of your hotel that need updating or fixing first. A survey will help you to fully understand what needs to be prioritised.

Choose durable, long-lasting styles

Renovating your hotel is a costly business. With this in mind, when it comes to choosing your furnishings, wall colours and accessories, you should opt for styles that are universally appealing and won’t go out of fashion.

Of course, this doesn’t mean that you can’t put your individual stamp on your hotel – far from it! You just need to ensure that the colours and patterns you use will offer optimum longevity and won’t look dated in a few months.

Always consider your guests

Finally, a renovation project is impossible to complete without major work taking place at some point.

There are, however, steps you can take during this period to minimise disruption to your guests, including ensuring that any rooms surrounding the construction zone are empty and informing your guests of any works prior to their arrival. This means that they can decide whether or not they stay with you during this period.

If you’re considering buying your own hotel, get in touch with a member of our skilled and experienced team who is on hand to help you discover your dream B&B property.

Stewart Hindley
Specialist financial experts helping you secure commercial loans across the hospitality, leisure and commercial property sectors.

More by the author