Property Improvement Plans
Property Improvement Plans (PIP) are common in hospitality, typically expected to occur every 7-14 years. With a strong PIP, businesses can grow their market share, increase revenue, and improve customer satisfaction.
Renovation expertise built on experience.
Having managed the ongoing capital improvement plans for a portfolio of more than 37 hotels with major franchise affiliations, our team is well equipped to assist with each and all phases of a PIP, from strategy to procurement to installation.
We take the approach of an experienced owner-operator, focusing on budget, quality, and minimizing disruption to day-to-day business.
Properties
In PIPs Managed
Our Services
Full-scope PIP Management.
Whether planning a standard brand required update, an acquisition PIP, or complete conversion, our team has the experience and resources to assist you.
Franchise Required PIP Negotiations
We advocate on your behalf with franchise brands to negotiate scope, timeline, and cost—leveraging our deep relationships to secure the most favorable terms possible.
Initial Cost Estimations
Early-stage budget estimates grounded in current market pricing and our direct renovation experience, giving ownership a reliable baseline before committing capital.
Detailed Budgets and Schedules
Comprehensive line-item budgets and phased project schedules that account for brand requirements, operational constraints, and seasonal demand patterns.
Bidding and Contract Negotiations
Management of the competitive bid process and contract negotiations with general contractors, subcontractors, and vendors to ensure quality at the best value.
Design Management
Coordination with architects, interior designers, and brand design teams to deliver spaces that are beautiful, functional, and compliant with brand standards.
Construction Supervision & Management
On-site supervision and regular progress reviews to keep projects on schedule, on budget, and up to standard—with minimal disruption to hotel operations.
FF&E Procurement and Coordinating Installation
Procurement of furniture, fixtures, and equipment through established vendor relationships, managing logistics, delivery schedules, and coordinated installation.
Coordination of Inspections
Scheduling and managing brand inspections, municipal inspections, and final walkthroughs to ensure seamless project close-out and brand acceptance.
Cost and Quality Controls
Rigorous budget tracking, change order management, and quality assurance protocols that protect ownership’s capital investment throughout the project lifecycle.
Our Approach
Why Commonwealth for Property Improvement Plans?
Property owners choose Commonwealth Lodging for PIP management because we combine deep franchise expertise with an operator’s perspective—ensuring every renovation dollar drives measurable returns.
Award-Winning Results
Our renovation projects have earned multiple Marriott Excellence Awards, including Renovation Excellence and Hotel Opening of the Year—a testament to our attention to design, quality, and execution.
Brand Advocacy
With 20 brands managed, we leverage established franchise relationships to negotiate scope, timeline, and cost on your behalf—often saving owners significant capital without compromising brand standards.
Accountability from Start to Finish
We take full ownership of the renovation process—from initial PIP review through final inspection. One point of contact, one accountable team, one focus: protecting your investment.
Property Improvement Plans
Case Studies
Turning market share losses into 30% revenue growth.
A location-advantaged property adjacent to a regional medical center had been steadily losing ground to a local competitor. Commonwealth Lodging executed a targeted $1.38M renovation and recruited the top Director of Sales in the market—reversing the trend and driving revenue growth more than 10x the peer index.
Property Improvement Plans
Case Studies
Turning market share losses into 30% revenue growth.
A location-advantaged property adjacent to a regional medical center had been steadily losing ground to a local competitor. Commonwealth Lodging executed a targeted $1.38M renovation and recruited the top Director of Sales in the market—reversing the trend and driving revenue growth more than 10x the peer index.
Ready to Get Started?
Whether you’re seeking a management partner, navigating a renovation, or exploring advisory services, let’s start with a conversation about your goals.