Safe Hotels Act + Substantial Structural Damage + Refinancing Debt + Combatting Cybercrime + Sustainable Real Estate + Extreme Weather

November 2024 / View this email in your browser.

Via Hotel Dive image: Manhattan downtown and skyscrapers at sunset

Three months after the controversial Intro 991, or Safe Hotels Act, was first proposed by New York City Councilperson Julie Menin, the hotel licensing bill passed on Wednesday.

The New York City Council Committee on Consumer and Worker Protection voted Wednesday morning to pass the Safe Hotels Act, which requires hotel operators in New York City to obtain a license in order to operate.

In addition to the license mandate, the act — revised several times following its July 18 proposal — requires New York City hotels to have continuous coverage of their front desk, and large hotels to have a security guard providing continuous coverage on-property while any room is occupied. All hotels are also required to provide daily housekeeping unless a guest declines the service.

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A Comprehensive Guide to Substantial Structural Damage: Criteria, Repairs, and Code Compliance

via HL Blog

An understanding of SSD and its implications is not only pivotal in ensuring public safety but also serves as a key determinant in the assessment of insurance claims and defining the scope of repairs in a damaged building.

Hotel Owners Explore Options to Refinance Debt

via CoStar

With the Federal Reserve recently lowering its federal fund rate and laying a plan for further cuts through 2025, hotel owners are exploring ways to lower their debt costs.

Hospitality Owner & Management Coalition

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Fighting Back: Hotel Companies Leverage Technology, Advanced Training to Combat Cybercrime

via Lodging Magazine

Social engineering, AI advancements, and new tech streaming devices are among the top hospitality trends that have made hotels more susceptible than ever to cyberattacks, according to industry insiders. Nevertheless, hotel companies have dramatically increased their focus, as well as their investment, to fight back aggressively against cybercrime.

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How Architects, Developers Build Sustainable Real Estate With Climate Change in Mind

via CoStar

As temperatures inch up and concerns grow about climate change, it’s not just people who sweat and suffer: Buildings feel the heat as well. Some real estate planners, owners and designers are making investments now to keep their properties and the people who use them cooler.

Hospitality Legal, Risk, Safety and Security Coalition

Via CoStar image: palm trees in grey stormy weather

Not one, but two deadly hurricanes have hit the U.S. already this fall, and hotels in the impacted regions will have a long road to recovery from Hurricanes Helene and Milton, which hit Florida and the Southeastern U.S. in late September and early October.

Like other hotels in affected areas, Remington Hospitality has had the difficult task of preparing and protecting its properties and staff in recent weeks. Leading the charge for the hotel management company is Robert Carl, whose job as vice president of facilities and capital planning is to be prepared for whatever Mother Nature throws his way.

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