A PIP is something vital within the hospitality industry.
The PIP, which stands for Property Improvement Plan is something that a hotel must have to bring it in line with brand standards.
It is therefore something that everyone, from the hotel manager, to the project manager overseeing the construction or refurbishment work being undertaken, needs to take on board.
For a PIP to be truly worthwhile, it should plan to boost customer’s contentment, help drive profits and ultimately put the hotel owners in pole position in the market.
Also, it should take into account the lifespan of major appliances and other important elements in the hotel and plan for their replacement.
What elements are important to brand maintenance?
You should be looking for things like the fixtures and fittings, lighting and faucets.
These simple and obvious elements are not all there is to it, these days.
Now, in the era of energy efficiency there is the environment to consider.
So, you would want to do an audit of appliances such as the boiler.
If a boiler is nearing the end of its life – even if it still has a proportion yet to go, you may still want to review it.
For example, if the boiler is fifteen years old, but it is reckoned to last twenty five, there might still be some mileage in changing it before the end of its life, because of the potential savings due to the fact the new boiler will be about thirty percent more efficient.
SOME PROBLEMS WITH PIP
A PIP is not without its challenges.
Here are some of the most common ones.
Budget considerations are top of the things to think about for a construction consultant, hotel manager or construction project manager.
The key to getting things right are to give the project manager a firm
estimate of the budget in question, before asking the designer or anyone else to come up with plans for refurbishment.
Another major challenge to the creation and implementation of any PIP is a change of ownership.
This is because after the sale, there will most likely be big changes to the décor and fittings, to keep in with any new or existing brand.
A firm knowledge of the full cost implications in a re-brand or even refurbishment is all held within the PIP.
This is something it is in the interest of both parties to know properly, so an effective and accurate cost in the PIP needs to be achieved.
Accuracy in this issue means the difference between a fair sale price or one that might be overly discounted, in favor of the buyer.
Some more tips for your team regarding getting the PIP right include;
- Appointing a professional who has active experience of between five and ten years in the field.
- Someone who will visit the site and make a proper inspection.
- Someone who will stick to the PIP brand and item needs.
- Someone who will communicate with everyone involved clearly, including the owners and brokers.
Following these tips will help your team get it right when it comes to the PIP.