HPT invests $165m in renovations

11th March 2012 (Last Updated March 11th, 2012 18:30)

US-based Hospitality Properties Trust (HPT) has invested $165m to renovate 77 of its Staybridge Suites and Candlewood Suites hotels.

US-based Hospitality Properties Trust (HPT) has invested $165m to renovate 77 of its Staybridge Suites and Candlewood Suites hotels.

The first phase of renovations for the hotels, which are managed by InterContinental Hotels Group (IHG), is complete, with kitchen and bath design changes in 26 Candlewood Suites hotels in locations including Atlanta, Boston, Chicago, Dallas and Phoenix.

The renovations, which will use components of new schemes across both brands, are expected to be completed by September 2012, with a total of 58 Candlewood Suites and 19 Staybridge Suites upgraded.

Staybridge Suites hotels will offer either the ‘Vista’ scheme, which focuses on fresh colour, blending blue, green and terracotta shades; or a new version of an existing brand scheme, ‘Chocolate’.

Candlewood Suites hotels will feature elements of the ‘Nest’ scheme, a light, clean and refreshing design with earthy green hues.

At Candlewood Suites properties, the focus of renovations has been on kitchens, bathrooms, case goods, lighting, artwork, new flat-screen televisions, updates to the reception area and new exterior paint.

New schemes at both brands offer sustainability, flexibility and storage solutions, IHG said.

Robert Radomski, IHG vice president for global brand management, extended-stay brands, said the changes are expected to boost the average daily rate (ADR) at renovated hotels, which will in turn drive overall brand ADR and revenue per available room (RevPAR).

Real estate investment trust HPT owns 290 hotels and 185 travel centres located in 44 US states, as well as Puerto Rico and Canada.