Preparing & Planning Your Property’s Future
Aimbridge has over 25 years experience managing capital programs with Marriott, Wyndham, Hilton, Holiday Inn and Homegate Studios and Suites. We can also assist the owners with establishing the amount of reserves to be set-aside for capital expenditure on an ongoing basis. The industry average is approximately 3-4% of a hotel’s revenue, but this amount can vary with the age of the property and declining revenue levels. Strategic planning, cost benefit analysis, budget development and cost control are all paramount to ensure sufficient cash reserves are available when needed to meet the cost of improvements to be made, as scheduled, to maintain (and enhance) the value of your hotel.