Hotel asset value is determined using multiple calculations, math problems, and sometimes magic tricks, but there are three critically important aspects of the physical plant that can make or break a hotel investment. As an owner or asset manager, keep these three areas on your property checklist, and follow up with a hotel engineering team regularly. Ignore these at your peril!

Heating, Ventilation, and Air Conditioning (HVAC)
One of the leading causes of guest dissatisfaction, bad reviews, and guest refunds is guest room HVAC issues, but the anatomy of a hotel’s ventilation system is far more complex than most hoteliers understand. Whether the asset utilizes a chiller system for public spaces and guest rooms, or split units and PTACs, there are multiple components involved in maintaining quality air throughout the hotel. Here’s what to look out for:

Alissa Nann, Of Counsel with Foley & Lardner, provides an introductory course on hotel receiverships and outlines steps therein. Viewers will learn about registering for a hotel receivership, being appointed a receiver, what a receiver is in control of, action items that a receiver should take upon appointment, and what must occur in order for the receivership to be terminated.

These recordings are provided as an exclusive, complimentary service for our Converge patrons. We hope you can gain valuable information for you and your organization through this recorded session from The Virtual Hospitality Law Conference which was held May 4-5, 2021.