1) During the renovation period, at least 25% of the hotel's total key rooms/room inventory (per Hyperion) must undergo renovation, and
2) On average, rooms undergoing renovation should be out of service for 30 or more consecutive days. Once the available rooms during the renovation period exceeds 95% of total key rooms, the hotel will no longer qualify for the World of Hyatt key room/room inventory adjustment.
Approval Requirements:
1) Hotel General Manager must submit the Renovation Adjustment request to their Regional Finance team at least 60 days prior to beginning renovation.
2) Regional Finance must share approved renovation requests with Loyalty Finance at least 30 days prior to the start of the renovation.
3) If the renovation schedule changes from the initially approved request, a new Summary Form must be submitted to receive the WOH rooms adjustment.