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The pandemic has boosted the importance of hotel renovations. To use the time earned by the imposed cease in operations for renovating hotels has become an imperative for such an old-fashioned portfolio as the Italian one. In Italy, we have witnessed a tremendous growth in the works originated in 2020 and 2021 compared to previous...
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According to Dorelan management, about 10% of the company’s turnover is attributable to supplies that were accelerated or otherwise expanded during the pandemic. As reported by Dorelan, the intervention cost on the bedding component in a complete revamping or restructuring intervention takes up a very high budget allotment. At least 80% of redevelopment projects include...
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As Italy continues to improve its hotel portfolio by renovating properties, by converting or building new assets, pressure climbs for updated and reliable data. With the appetite of investment funds growing for this asset class, investors and professionals are more keen to plan carefully each capital expenditure to monitor its impact on return. The knowledge...
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