IPD MEA Summit 2014 - Increasing Capital Expenditure in Refurbishment, Property Renovation and Asset Upgrade to Drive Return on Investment: Brian Rafferty, Group Director of Engineering, Abjar Hotels International
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IPD MEA Summit 2014 - Brian Rafferty, Group Director of Engineering, Abjar Hotels International
1. Infrastructure & Property Development MEA.
Increasing Capital Expenditure in Refurbishment, Property
Renovations and Asset Upgrade to Drive Return on Investments
Brian Rafferty
Group Director of Engineering
Abjar Hotels
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
2. Why Should we Refurbish?
ā¢ Upgrade of Technology
ā¢ Change in Legislation
ā¢ Ageing Product
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
3. Why Should we Refurbish?
ā¢ Upgrade of Technology
ā¢ Change in Legislation
ā¢ Ageing Product
ā¢Stay Competitive
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
4. Dubai Market
ā¢ New Openings
ā¢ 10,000 rooms in need of Refurbishment
ā¢ Estimated US$88,000/key
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
5. Lessons Learnt No.1
Build a Strong & Competent teamBuild a Strong & Competent team
of Professionals
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
6. Typical Project Organisational Chart
Client
Clients
Representative
A.N. Other
Project
Manager
Cost
Consultant
Interior
Designer
Lead Consultant/
Principal Agent
Procurement
Agent
Permitting
Agent
7. Lessons Learnt No.2
Ensure you have an agreed ScopeEnsure you have an agreed Scope
of Works and itās Documented
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
8. Lessons Learnt No.3
Design to a Budget donāt Budget toDesign to a Budget donāt Budget to
a Design
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
9. Lessons Learnt No.4
Donāt Invite a Service Provider to
tender for works if you have
determined that they are notdetermined that they are not
capable of delivering your project
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
10. Lessons Learnt No.5
Donāt fall into the trap ofDonāt fall into the trap of
Designing by Committee
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
11. Lessons Learnt No.6
Donāt confuse Value EngineeringDonāt confuse Value Engineering
with a Cost Cutting Exercise
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
12. Lessons Learnt No.7
Donāt Under Estimate the effectDonāt Under Estimate the effect
your works will have on an
Ongoing Operation
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
13. Lessons Learnt No.8
Keep your Technology SimpleKeep your Technology Simple
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
14. Lessons Learnt No.9
Donāt let the works get out ofDonāt let the works get out of
Sequence
Infrastructure & Property
Development MEA
18-19th May 2014
Park Hyatt Dubai
15. Benefits of Refurbishment
ā¢ New and modern room design with updated technology
ā¢ Higher room rates, referring to my most recent projects the
Average Room Rate is 12% higher than the non-refurbished
rooms.
ā¢ Lower energy consumption, assuming you have invested in a
Rooms Management System.
17. Benefits of Refurbishment
ā¢ New and modern room design with updated technology
ā¢ Higher room rates, referring to my most recent projects the
Average Room Rate is 12% higher than the non-refurbished
rooms.
ā¢ Lower energy consumption, assuming you have invested in a
Rooms Management System.
ā¢ Higher customer satisfaction Indicators
ā¢ More Efficient