The Litt Group, a capital project administration and consulting firm for the hospitality industry, was awarded a consulting agreement for the renovation of a portfolio of hotels owned by Cambridge Landmark Partners, requiring property improvement plans (PIPs) approved by the brands.
The portfolio comprises the Sheraton Orlando North in Maitland, Fla.; the Grand Orlando Resort at Celebration in Kissimmee, Fla.; the Hyatt Regency Milwaukee; and the Philadelphia 201 Hotel in Philadelphia.
The properties will undergo full renovations including all public areas, conventions spaces, retail outlets, guestrooms, bathrooms and corridors. Several properties will have exterior improvements such as new color schemes and updated landscaping.
Upon completion of the renovation, the Grand Orlando Resort will be converted to the Delta at Celebration by Marriott brand, and the Philadelphia 201 Hotel will be converted to the Sheraton Downtown Philadelphia.
“Owners are faced with extensive PIPs from brands today, and we are uniquely positioned to help hoteliers avoid unnecessary capital costs by understanding the true infrastructure costs involved–not only what brands are looking for in the PIP,” Jay Litt, principal of The Litt Group, said in a statement. “We have operated hotels profitably for years and have a true grasp of how to help owners negotiate with brands to ensure a balance between cost and return on investment.”
The Litt Group plans on pricing each individual PIP, negotiating the scope with the brand, creating schedules for each property as well as sourcing designers, architects, procurement companies, construction and accounting firms to bring the project to a successful conclusion.
During the past 10 years, The Litt Group has renovated more than 45 properties, spending more than $100 million on behalf of multiple ownership entities.