Maximising return on your investment
Would you like to increase your profits, obtain more income and add value to your motel? If your Motel is looking tired and needs a facelift, if you have an unused area on your Motel site allowing for a room number increase or if a rebuild of your Motel site provides the facility you always wanted, then Refurbish, Upsize or Build.
Refurbish
Refurbishing your motel will increase your occupancy, tariffs and add value, but what do you refurbish to get “bang for your buck”? The first answer to that question is about knowing your guests and having a good understanding of their needs as meeting them is important. You also have to look at your needs. Increasing your occupancy may require an improved street appeal, and lifting your star rating may require better ensuites and facilities. There are also improvements required by building codes, to keep up with technology, legal, WHS and insurance requisites. If reduced expenses and green building environments are important, then improving your energy efficiencies can also be investigated.
Upsize
If your occupancy rates are high, there may be an opportunity to increase the number of rooms at your Motel and maximize your yield. Do you have an area on the site that is not being used efficiently? Is your car parking layout inefficient? Most local town plans allow two-storey buildings, so there may be an opportunity to go up. There are usually opportunities to upsize the number of rooms on site to add value to your motel while keeping your existing rooms online during the process.
Rebuild
If your Motel is not worth refurbishing, too old to update or there is no opportunity to upsize then the best result will be to build again. Your Motel site has value and it should be used to provide the best return possible with an efficient and modern designed Motel. The new Motel will take advantage of all energy efficiencies to reduce running costs, easily allow new technology integration and can incorporate better security systems. A rebuild will provide the exact product to meet your guest’s needs while maximizing your return on the site.
Where to now
Employing experienced design consultants that specialize in motels ensures assistance with all your building requirements. They can provide advice on the current building code requirements, meet on site and discuss your needs, provide a realistic budget before they start and find the best way to keep your rooms online during the process.
ABOUT BLACKBURNE JACKSON
Blackburne Jackson provides a complete design service with our Architects, Interior Designers and Landscape Architects on staff to answer the easiest questions from what colour carpet to select, to an entire building refurbishment. Blackburne Jackson has provided superior design services for over 80 years and been responsible for many quality Motels from Mackay in Queensland to the Yarra Valley in Victoria and we can assist you with your motel improvements.