A major expenditure category in the hospitality industry covering replacement of worn-out furniture, finishes, + soft goods; wear + tear; obsolescence; regulatory requirements such as ADA + life safety; franchise product demands; changing technology; market demand for product change; + replacement + renos of building components + heavy equipment.

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1. A major expenditure category in the hospitality industry covering replacement of worn-out furniture, finishes, + soft goods; wear + tear; obsolescence; regulatory requirements such as ADA + life safety; franchise product demands; changing technology; market demand for product change; + replacement + renos of building components + heavy equipment.