Why Was I Assigned a Hotel PIP Notice?
Hotel PIP (Property Improvement Plan) notices are issued by major franchises like Hilton, Hyatt, or Marriott to ensure properties meet updated design and brand standards. Franchises typically assess hotels every 7–10 years or during an ownership transfer to maintain a consistent guest experience and competitive edge.
The scope of a PIP can vary depending on the property’s current condition. Some PIPs might require full renovations, while others focus on specific areas like bathrooms, lobbies, or common spaces. Franchises use a conditions assessment report to outline what updates are necessary.
How Much Will a Hotel PIP Cost?
The cost of a Hotel PIP depends on the project’s scope and complexity. Factors like architectural plans, design requirements, and property layout can greatly influence the total cost. For example:
- Are full renovations needed, or just updates to specific areas?
- Does the PIP involve moving walls or reconfiguring MEPS (mechanical, electrical, and plumbing systems)?
Accurately estimating a PIP’s cost requires a walkthrough with a reputable contractor, franchise-specific design requirements, and a detailed architectural plan. Without these, it’s impossible to provide an accurate estimate.
Get Expert Guidance for Your Hotel PIP
Navigating a PIP can be overwhelming, but Renu is here to help. Our team of specialists works with you to assess your property and create a customized plan to meet franchise standards efficiently and cost-effectively.
Contact us today to get expert advice and take the first step toward completing your PIP. Visit Renu.inc to schedule a consultation with one of our experts.
