Hotel Renovation vs. Hotel Construction

27 Oct Hotel Renovation vs. Hotel Construction

Posted at 16:46h in Hotel Renovation by
A hotel is a considerable investment, and deciding whether to start from scratch or revamp an old build is hard. If you need help deciding, here are the pros and cons of hotel renovation vs. construction.

Hotel Renovation

A man wearing a yellow hard hat is standing with his back to the camera off to the right, with his hands on his hips. The room is in various states of under construction, and there are tools scattered all over the floor.
Maybe you bought an affordable property and are planning on renovating; consider why it might have been so cheap.

Before looking at the benefits of hotel renovation vs. construction and seeing whether or not you should purchase a hotel to redo, here is the first thing you should consider: How much will you profit? Maybe you bought an affordable property and are planning on renovating; consider why it might have been so cheap. Consider all the factors, such as location or integrity, before buying because if you cannot make a profit after the renovation, you should not purchase.

With the cost of construction rising, renovating is much more cost-effective. Constructing a hotel is very expensive to design and build from the ground up, and it takes much longer to start profiting from your investment. If you’re starting to get into the hospitality industry, starting with renovating an existing hotel is a great start!

Hotel Construction

Two men wearing hard hats are standing next to each other, surrounded by gravel dirt. The angle does not show their faces, but they appear to be consulting some construction plans.
Constructing a new hotel is resource intensive, but it can be gratifying.
Design trends are constantly changing, and old hotels are no longer appealing to customers. Unique architecture and slick flooring are currently in style, and some of these things are only possible in a newly built hotel. Opening a new hotel is much more attractive to guests than renovating one. Seeing a new building in town that guests have never seen draws in new eyes! In addition, new constructions created with modern technology in mind have an advantage over the “old bones” of a building built before the year 2000. Constructing a new hotel is resource intensive, but it can be gratifying. It is a substantial financial and time-consuming project, so understand the construction’s risks and responsibilities.

Need help with your hospitality renovation project?

Are you thinking of renovating your hotel or building one? We are a team of experienced general contractors who serve clients nationwide and specialize in hotel renovations and construction. We know the ins and outs of making the most pleasant experience for your guests and staff! Reach out to us today, and allow us to help enhance your hotel design.
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