Hotel industry celebrities, influencers and the financial elite were in Los Angeles this past week for the for the first major hotel conference of the year, the Americas Lodging Investment Summit (ALIS). For those unfamiliar with the event, it’s one of the major tent-pole financial industry conferences for the hotel industry. And this years was […]
Top 5 Renovation Tips to Save Time and Money Renovating a property is always a nerve-racking prospect, but it’s critical nonetheless. Essentially, if a property is not up to snuff in the digital age, it simply cannot compete against newer, or more recently renovated hotels. But in many cases, the biggest challenge is not […]
Happy New Year, and welcome to 2017. This is a very exciting year for both the hospitality industry, and us as well here at The Refinishing Touch. The lodging business is on a fantastic journey, and this year we expect the hotel industry to see more renovations than at any time in history. With so […]
We all know you designers out there love to design. It’s what you were born to do. Here in the hotel industry, you’re helping define the next generation of hotels by developing looks and feels with a distinct point of view. And we thank you for that. Without you designers, we’d still be […]
Millennials are a fickle bunch. Partly because they’re a group still trying to figure out their likes and dislikes, and partly because the world in which they grew up is vastly different than the ones their Generation X and Baby Boomer brethren experienced in their formative years. But there are ways to better connect with […]
It was time for the hotel industry’s midyear check-up as the most powerful lodging industry leaders headed to New York for the annual NYU Hospitality Investment Conference. This event focuses mostly on the financial side of the business, so for two days, the NY Marriott Marquis became the epicenter of the hotel universe. If you […]
Last week, Canada’s ‘Daily Commercial News’ wrote about the need for asset recycling to be a core practice for public organizations. This followed the publication of a report by RCCAO about asset use in Ontario titled: ‘Building new infrastructure on the foundation of existing public assets‘.
“Asset recycling is a concept that basically speaks to leveraging the existing investments that taxpayers have in public assets. It tries to find a way to make them perform better and drive more value from that past investment,” explains Michael Fenn.
And that’s exactly what it is. Asset recycling is not just about protecting existing assets; it’s about leveraging existing assets. It offers numerous benefits, although all too often its supporters claim a single one. So we thought we would share the multiple benefits we see day-in, day-out from asset management best practices:
It’s sustainable, and adds to ‘green’ credentials. In the four decades that we’ve been advising and delivering furniture asset management best practices, the need for government organizations and commercial businesses to demonstrate sustainability and to share their green credentials has certainly grown. Asset management is an undeniably sustainable practice: it slashes carbon emissions, reduces landfill waste and decreases consumption of new resources.
It drives stakeholder value. As existing assets are leveraged through recycling, re-use or remanufacturing, more value is delivered to stakeholders. This includes shareholders, taxpayers, citizens, travelers or students.
Budgets are saved. Government organizations and higher education are under budget pressure. Hotels are constantly looking for ways to reduce spend while maintaining standards. Across the board businesses and institutions need to protect the bottom line. We repeatedly see up to eighty percent of budgets saved through furniture asset management best practices.
Budgets can be re-allocated. This applies to each industry that we work with, including government, education and hospitality. The stress of prioritizing tight budgets is a headache for any general, facility or resources manager. Being able to save budget and spend it in areas that deliver greater returns, competitive differentiators and benefits to citizens, users or customers, is a sound business decision.
Want to find out more about the returns your organization could reap from furniture asset management? Then please contact us today: firstname.lastname@example.org.
In a recent post we discussed one of the cornerstones of furniture asset management; inventory management. At The Refinishing Touch we not only provide refinishing, remanufacturing and re-upholstery services, we also help our customers to manage and track those furnishings and fixtures as capital assets, using web-based asset management tools.
When TRT was founded back in 1977, we became known for providing environmentally-safe furniture refinishing services, but times have changed considerably. Today our business is about managing assets, helping our customers to manage expenditure and their business continuity needs.
What makes us different isn’t just the longevity of our materials and finishes. It’s our ability to work on-site, to ensure our customers stay open and productive. The industries in which we work: hospitality, education and government, have little tolerance for downtime and rooms cannot be out of use for days or weeks. Furniture is a vital part of these operations, and it needs refinishing, re-upholstery or remanufacturing because the organization is busy and successful. Creating downtime therefore has a direct calculable dollar cost. If a hotel, public sector organization, or educational facility has rooms of action it causes problems,so we work safely and responsibly onsite.
Our onsite approach is efficient in terms of both cost and carbon. We know that the alternative, transporting furniture offsite, is a waste of time, money and carbon dioxide. We are able to work onsite when many large refinishing companies cannot. This comes as a result of four decades of experience doing just that. We know better than anyone how to minimize disruption, move seamlessly from room to room, and how to ensure that those rooms are back in operation quickly.
Using non-toxic processes are also crucial in working onsite. We don’t use solvents in our processes and our non-toxic lacquers don’t contain dangerous Volatile Organic Compounds (VOCs). They are hypoallergenic, safe and clean, because we understand how important it is to use safe, responsible products.
Our approach to furniture asset management certainly guarantees indoor air quality and safety. But in business terms, it means quicker processes, lower labor costs and a quicker turnaround on refinished rooms for everybody involved.
Contact us at email@example.com to discuss how onsite furniture asset management can save your organization time, money and downtime.
“Better late than never,” was the comment from climate activist Bill McKibben in response to of the newly-installed solar panels on one of the country’s most iconic buildings. ABC News stated, “White House finally gets solar panels” and hundreds, if not thousands, of other media outlets reported on the on-off history of roof-top solar panels at the White House, which had been installed in the late 1970s by President Carter and removed in 1986 when building works were being undertaken for President Regan.
President Obama made the pledge to add the panels way back in October 2010. The pledge reflected the Government’s green commitment, including its support of renewable energy at that time, a stance which President Obama has reinforced as the globe faces climate changes, rising sea levels and unpredictable weather patterns. Today the Obama Administration is still committed to reducing America’s greenhouse gas emissions by 17 percent by 2019 (from 2005 levels), and increasing renewable energy, increasing energy efficiency and generally securing America’s energy future.
Having once worked with the White House ourselves, The Refinishing Touch is pleased to see the same ethics behind the sustainable practices we performed inside being brought to the light – literally – with the reinstallation of solar and its photovoltaic technology.
Whether it’s a historic government edifice, a college dormitory in need of an update, or a hotel looking to increase décor, maintain brand guidelines and increase guest retention – every building has a sustainable option when it comes to updating look, facilities and furniture. Whether its solar technology, recycling programs, or furniture asset management, there are ways to create environmental benefits alongside budget gains and design payback.
By incorporating the three R’s – reduce, reuse, recycle – into our business plan from day one and encouraging our clients to do the same, we have been fortunate to assist decision makers and environmental activists in greening US buildings since 1977.
If you’d like to learn more about The Refinishing Touch’s work within the government sector, please visit our project page here.
Government is a market we know very well. For over 37 years our government client base has comprised local and federal government and agencies – including the Executive Office of the President, U.S. Congress, the U.S. Department of Justice, the U.S. Department of Defense, the U.S. Army, the U.S. Navy, and the U.S. Coastguard. We […]