Extended-Stay Hotel Portfolio Program
Seven extended-stay hotels with 980 keys, delivered as one program with each opening smoother than the last.
- Owner
- Confidential
- Region
- U.S. Southeast
- Market
- Hospitality
- Capital value
- $230M
- Size
- 7 hotels · 980 keys
- Delivery
- Program delivery
- Duration
- 30 months
- Completed
- 2024
What was at stake.
Seven sites, four contractors and one brand standard. Each hotel reported differently, and the owner could not compare them. The first two openings were at risk for the same reasons.
How we controlled it.
What our schedulers and cost engineers did on this project.
One playbook
We built one schedule template and cost code structure for all seven hotels, under a single Program Rate.
Lessons carried forward
What went wrong on the first hotel was fixed in the template before the third one started.
FF&E tracked
Furniture, fixtures and equipment were tracked by hotel, tied to each floor's room turnover.
Portfolio dashboard
A single dashboard showed all seven hotels on the same scale, every month.
The result.
By hotel five, the schedule already knew what would go wrong and how to stop it.
Program controls manager, EvrardBanes
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