Obtaining Insurance + Safety Protocols + Worst Year for US Hotels + Fire Safety + Increase in Receiverships

Obtaining insurance coverage in the hospitality sector has recently been a challenge, but there are some best practices that hoteliers can follow to get what they need to mitigate risk, sources said.

‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

View this email in your browser

Wyndham Hotel Group ||
HospitalityLawer.com

Best Practices for Obtaining Insurance, Managing Risk

businessman holding strong umbrella to recover red arrow

February 3, 2021 via CoStar

Obtaining insurance coverage in the hospitality sector has recently been a challenge, but there are some best practices that hoteliers can follow to get what they need to mitigate risk, sources said.

Speaking on a Hotel Optimization panel titled "Insurance, Lawsuits and Risk Management," Mike Marshall, president and CEO of Marshall Hotels & Resorts, said "finding an insurer to write hospitality right now is very difficult."

Marshall Hotels & Resorts went through a renewal process in November, he said, going through 25 insurance carriers. Only two or three of them were willing to give quotes. Ultimately, his company was able to secure an insurance program that wasn’t "through the roof on cost."

Polaris - Click Here for
Recommendations & More Information on How to Fight Human Trafficking

Resource Spotlight

COVID-19 Guest Considerations Checklist

This checklist includes a list of precautions that can be taken to maintain guest safety and mitigate the chances of them contracting COVID-19 while on your premises.

Download Now

See What's New

Industrial-sized washer and dryer with pile of white towels

Hotel Laundries Adjust to New Safety Protocols

January 29, 2021 via Hotel Management
Hotel guests may well appreciate seeing visible protocols to limit the spread of COVID-19, but they might be unaware of how hotels are changing their laundry operations—from laundry facilities available for guest use to the industrial-sized machines back-of-house—to keep them safe.

2020 Was The Worst Year Ever For U.S. Hotels. Here's What's Next

January 27, 2021 via NPR
With an occupancy rate of just 44%, the industry surpassed 1 billion unsold room nights for the first time in history, eclipsing the 786 million that went unsold during the global financial crisis in 2009.

More To Catch Up On

paper reading "fire safety" surrounded by unused and used matches

Protection Preparedness: Don’t Forget About Fire Safety

January 21, 2021 via Lodging Magazine
Of course, there is little hoteliers can do about catastrophic weather events, including, wildfires. However, they can and should be prepared for the type of fires that are far too common in hotels, says Chad Connor, president of Affordable Fire & Safety.

businessman carrying massive bomb labeled 'debt' while surrounded by coronavirus germs

Operators Expect an Increase in Hotel Receiverships

January 21, 2020 via CoStar
Now that the pandemic has stretched for nearly a full year in the U.S., owners continue to struggle with significantly reduced revenue streams. For some, that also means running out of time with their lenders, who are turning to operators that help manage these properties once they enter receivership.

Click Here to Purchase - Hospitality
Law: Managing Issues in the Hospitality Industry, 5th Edition

Have More Questions?
Check out the HospitalityLawyer.com Legal Libraries:

ADA Resource Libary
Converge Newsletters
The Electronic Journal of Hospitality Legal, Safety, & Security Research

Find A Lawyer That Understands Your Business

Check out HospitalityLawyer.com Directory

You can update your preferences or unsubscribe from this list

Sent to: _t.e.s.t_@example.com

HospitalityLawyer.com®, 2651 Kipling STR, Apt 1809, Houston, TX 77098, United States