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Jeff Kolessar Featured in Hotel Business Roundtable Series

RELEASE DATE: 03/25/2015

The 2015 Hotel Business Management Roundtable was held at the Dream Downtown last month. Entitled "Operating in an Upswing: How to Make It Even Better,” the event was hosted by Début Hotel Group. Hotel Business Editor at Large Dennis Nessler moderated the session. Part of the discussion included the impact of renovations and PIPs.

Kolessar noted that, 10 to 15 years ago, companies tried to push the PIP out one to three years because it would help cash flow. "In today's market, even though we may negotiate a PIP to be done over 12 or 24 months, we're doing it all upfront and getting it done," he said. "You can take advantage of a high-occupancy market and you can push rate." 

For full Roundtable coverage Click Here