



' Revenue True'
FHG’s 1 more IHG hotel going under major Formula Blue renovation in major Metro Airport Location.
Location
Albuquerque, NM
Status
In Process
Size
72,500 Sq Ft
Scope of Work
Exterior/Interior Facelift
Lobby
All Public Areas
Guest Rooms
Bathrooms
Pool
Porte-Cochére
Hotel Link
Budget
$2.75 Million
Overview
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The exterior and architectural elements went through an extensive renovation to meet the brand requirements for Formula Blue.
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The 6-story hotel was renovated in 2 months with various teams working collectively for a fast turnaround. All rooms, hallways and public areas were renovated and upgraded from the previous interior designs. Along with the hotel, the parking lot went through an overlay.
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Holiday Inn Express is undergoing a major renovation estimated cost $2.5M to convert the property to New Formula Blue theme.
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This is a unique property as it was not built as a Holiday Inn there is a lot of modifications that will need to be made in Rooms & Public area.
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We have completed the 1st phase, the 2nd phase is in the initiation process. There will be 3-4 phases and expected to be completed by End of March 2019.
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Numbers/Budgeted & Variances: Phase 1- Exterior Paint, Landscaping & parking Lot completed 10-12% under budget & under scheduled time by well-synchronized planning.
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Time frames: Completed before the anticipated time.
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Room Revenue being impacted: NO room revenue been Impacted.
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Challenges: We had to complete the exterior phase before October Balloon Fiesta Which is the busiest week for the area. Our team did a great job by completing 1 week prior and leaves plenty of time for New Parking lot to cure for heavy traffic.