At this year’s Hunter Hotel Conference, “Hotel News Now” asked eight hotel executives what hotel owners should concentrate on this year. The executives said that now is the time for hotel owners to invest in their properties, in the form of upgraded technology, facilities, furniture, and any equipment a hotel needs to improve their property and build customer experience and loyalty.
TEQlease Capital helps hotels acquire needed equipment by providing customized lease financing solutions. Some examples are below. But first, here is what two of the executives had to say.
Elie Maalouf CEO, The Americas, InterContinental Hotels Group
“I think it’s a really good time to focus on your properties. I think it’s a good time to understand what the focused investments (are), the key strategic investments you can make in your properties to put yourself in a position for when things might slow down a little bit and you want to be in a strong share position. What are the technology investments you want to make? What are the renovation investments you want to make right now while costs are still pretty good?”
Steve Joyce President and CEO, Choice Hotels International
“Make investments now because at some point, things will slow down to a much more normal rate. Get your projects done and open into 2018. If you’re going to invest in your property, do it before the end of 2018, and we’ll see what happens.”
Read what the rest of the executives said here
TEQlease Capital Provides Financing to Starpass Resort & Spa for Golf Course Maintenance Equipment
If your hotel is looking to upgrade or acquire new equipment, visit us at www.teqlease.com or click here to set up a time to talk and get a no obligation lease financing consultation.
TEQlease Capital is a nationwide provider of equipment lease financing solutions across all industries. In the hospitality industry, TEQlease Capital provides lease solutions for golf equipment, fitness equipment, restaurant equipment, telephony, media equipment, television solutions, IT infrastructure, wireless solutions and more.