Okay, so your inbox probably isn't over its limit because of an inpouring of RFPs. But, as our publisher Michael Schneider learned at last week's New York University International Hospitality Industry Investment Conference, there's a consensus among hotel investors that the worst is over.
What that means short term is a lot of small projects that have to deliver hospitality design trends on a budget. Watch for the jobs that can affect multiple revenue streams--like hotel restaurant design and lounge design.
And watch for hotel renovation work from aggressive owning companies such as Shaner Hotel Group, which has funds in place to acquire up to $500 million in hotel assets. Look beyond major markets. New build hotel architecture may be rarity in New York or Miami, but Tucson will soon have 13 hotels coming out of the ground. That's a lot of hospitality interior work for companies looking to ride this first wave in the upturn.
What that means short term is a lot of small projects that have to deliver hospitality design trends on a budget. Watch for the jobs that can affect multiple revenue streams--like hotel restaurant design and lounge design.
And watch for hotel renovation work from aggressive owning companies such as Shaner Hotel Group, which has funds in place to acquire up to $500 million in hotel assets. Look beyond major markets. New build hotel architecture may be rarity in New York or Miami, but Tucson will soon have 13 hotels coming out of the ground. That's a lot of hospitality interior work for companies looking to ride this first wave in the upturn.
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