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' 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

  • The exterior and architectural elements went through an extensive renovation to meet the brand requirements for Formula Blue.

  • 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.

  • Holiday Inn Express is undergoing a major renovation estimated cost $2.5M to convert the property to New Formula Blue theme. 

  • 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. 

  • 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.  

  • Numbers/Budgeted & Variances: Phase 1- Exterior Paint, Landscaping & parking Lot completed 10-12% under budget & under scheduled time by well-synchronized planning.

  • Time frames:  Completed before the anticipated time.

  • Room Revenue being impacted: NO room revenue been Impacted.

  • 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.

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