This is part 1 of 2.
Florida-based Liberty Building Forensics Group® (Liberty), a leading building forensics firm that has solved some of the world’s largest and most complex building moisture and mold problems, has begun providing hotel management firms with building assessments and remediation plans to help mitigate the risk involved in a transfer of ownership.
During the life of a hotel building, certain triggers can potentially put hotel management at greater risk than they would be otherwise. Events like major rehab work, a storm event, lease renewals, change in management contract, or sale of ownership usually require some sort of extensive evaluation, such as due diligence or a building evaluation by a consultant or series of consultants. These kinds of trigger occurrences lead to an increased risk that any underlying problematic issues (such as mold or moisture) will become known, possibly causing the existing hotel management significant and unplanned costs.
Hotel management firms have the unenviable task of juggling multiple competing interests. Working in a performance-based industry, they must secure near-full occupancy while maximizing room rates and maintaining high levels of customer satisfaction. They must do all this while also staying within budget, meeting industry and brand standards, and keeping hotel owners happy. They operate under tremendous pressure to avoid letting any building-related issues, such as mold or moisture problems, impact profitability.
If such a problem is discovered, it often becomes the hotel management firm’s job to maintain and contain the issue in such a way as to defer addressing the root cause, which can often be traced back to a design or construction flaw. By putting off remediation, however, the manager is in reality ensuring that at some point in the future, when a trigger event takes place, the problem will come to the surface. By then, it will likely have escalated to the point that it is now much more severe and costly than if it had been resolved initially. In such situations, profitability is usually impacted dramatically and immediately.
To be continued…