Welcome to the hub for information on the Grand Georgian Refurbishment

You will be able to find information related to the refurbishment project here.

As the project progresses from the planning phase, through the sourcing and purchasing stages and on into the execution phase we will post additional information for you to see e.g. any designer renderings, changes to scope, etc.

Check back regularly to see what’s new!
    • Option A: 2 Years, 2 Phases

      ProsCons
      Restores building to high standard quickly
      Allows for greater design integrity and cohesion
      High impact in marketplace
      Fewer periods of downtime and guest disruption
      Fewer calls on owner funds
      Cost estimates more predictable with 1- and 2-year projections
      Larger (but fewer) payment increments
      Longer (but fewer) periods of downtime and disruption to guests


    • Option B: 2 years, 2 phases

      ProsCons
      Smaller payment increments
      Spreads costs over a longer period
      Provides owners with time-related cost of ownership information (what $ to anticipate when)
      Provides an enhanced opportunity for owners to consider refurb decisions against current economic realities
      Shorter (but more) periods of downtime and disruption to guests

      More (but smaller) calls on owner funds
      Calls on funds is ongoing
      Design integrity harder to maintain due to passage of time (availability of product, etc.)
      Cost estimates less reliable due to 3- and 4-year projection requirement
      More (but shorter) periods of downtime and disruption to guests
      Building never achieves ‘new’ state – improvements incremental
      Improvements risk being ‘lost’ against older furnishings, etc.
      New items highlight lesser quality and condition of older items
      Lower impact in the marketplace
      Ancillary costs increase (multiple shipping charges, attendance of contractors, etc.)

    • Phase 1
      Spring 2019

      Appliances; kitchen renovation; bathroom renovation; dining sets; coffee table and end table

      Estimated Costs by Typical Unit Type*
      Bachelor
      1 Bdrm
      1 Bdrm plus den
      2 Bdrm
      2 Bdrm lock off



      Phase 2
      Spring 2020

      Paint (walls/ trim); carpet; fireplace screen; artwork; sleeper sofa; lounge chair; decorative lighting; mattress/ box/ frame/ bedding; desk; window treatments; dresser; headboard; night stands

      Estimated Costs by Typical Unit Type*
      Bachelor
      1 Bdrm
      1 Bdrm plus den
      2 Bdrm
      2 Bdrm lock off



    • Phase 1
      Spring 2019

      Paint (walls/ trim); carpet; fireplace screen; artwork; sleeper sofa; lounge chair; dining sets; coffee table and end table

      Estimated Costs by Typical Unit Type*
      Bachelor
      1 Bdrm
      1 Bdrm plus den
      2 Bdrm
      2 Bdrm lock off


      Phase 2
      Spring 2020

      Decorative lighting; mattress/ box/ frame/ bedding; desk and appliances

      Estimated Costs by Typical Unit Type*
      Bachelor
      1 Bdrm
      1 Bdrm plus den
      2 Bdrm
      2 Bdrm lock off


      Phase 3
      Spring 2021

      Window treatments; dresser; headboard and night stands

      Estimated costs by typical unit type*
      Bachelor
      1 Bdrm
      1 Bdrm plus den
      2 Bdrm
      2 Bdrm lock off


      Phase 4
      Spring 2022

      Kitchen and bathroom renovation

      Estimated costs by typical unit type*
      Bachelor
      1 Bdrm
      1 Bdrm plus den
      2 Bdrm
      2 Bdrm lock off


    • Market
      Impact
      Cost
      Efficiency
      Operation
      Efficiency
      Fully-Unified
      Design
      Calls on
      Owner Funds
      Competitive
      Position
      Option A:
      2 year, 2 phases
      MaximizedMaximizedHigherHigherHigher (but fewer) increments, short-termImmediate and Strong
      The building is "renewed"
      Option B:
      4 year, 4 phases
      DilutedReducedModerateLowerLower (but more) increments, long-termDiluted
      The building never achieves "new"