Refurbishment can be one of the most valuable decisions you can make for your business – giving your premises a face lift can not only provide a fresh start, it can also bring a wealth of new customers and sales opportunities. Hotels are often undergoing renovations in order to remain up-to-date, or to restore original features, particularly those with a five-star rating and a reputation. Here is a list of our top five hotel renovations:
The Savoy Hotel – London
This globally recognised spot is perhaps just as, if not more, famous than most of the celebrities it has housed over time. After closing for three years and experiencing a whopping £220m restoration project, the Savoy eventually reopened in 2008 to worldwide acclaim. This was a huge renovation project, involving many different parties and renovation experts to ensure the best results were achieved. Now this famous landmark has revived its legacy it will continue to awe and inspire its guests from far and wide.
MGM Grand – Las Vegas
Another globally famous landmark, the MGM Grand, spent $160 million across 11 months to completely renovate every one of their 4,200 rooms. The renovation process included adding LED lights, better thermostats, improved shower facilities and solar shades. This does not include the new five-story nightclub, major casino upgrades and the Hakkasan Cantonese (London) inspired restaurant. The owners of this hotel really have put the Viva in Las Vegas!
Peninsula – Hong Kong
This state of the art hotel has recently undergone major technological renovations in order to bring the building into the 21st century. A total of $60m has been spent in high-tech upgrades in order to provide the most technological advanced guest rooms in the world. From 3D televisions to wireless tablet controls and free international calls – this hotel has it all!
Hyatt Regency, New Orleans
After being almost completely destroyed by Hurricane Katrina, the Hyatt Regency New Orleans needed to be totally rebuilt. After a long and tiring six years and a whopping $275 million later, the hotel finally reopened in 2011. The new build has been greatly received by the public and critics alike – with many people loving the new restaurants and food outlets. The 1,200 rooms all come complete with the new ‘Respire by Hyatt’ hypo-allergenic program, which features a 6-step process to remove irritants and filtrate the air.
El Encanto – Santa Barbara
El Encanto is a famous spot often frequented by many of the world’s most famous artists and celebrities. Affectionately known as the American Riviera, the hotel was once closed for a whole seven years whilst undergoing a huge $134m renovation. Occupying seven acres of landscaped gardens and offering panoramic views of the Pacific, this really is a getaway for those who need a bit of peace, quiet and luxury. The hotel also consists of 92 California-style bungalows and a brand new infinity pool too!
If you want to renovate your hotel, without closing your doors for seven years like El Ecanto, you’ll want reliable funding that will help you get the job done. Merchant cash advance is an alternative to a conventional businesss loan, and can provide you with the cash that your business needs to grow. Find out more here.