HOTCHECK - THE ANALYSIS OF HOTEL BUILDINGS
The HOTCHECK provides a fast, precise and cost-effective condition analysis of hotel properties. The basis is a checklist-based system with a database of laws, regulations, directives and guidelines relevant for hotels, additional laws and regulations as well as the regulations of the professional associations and insurance companies, operator manuals and standards. All this is utilized to investigate
In this process we assess the repair neediness, repairability and appropriateness of repairs of the property. Our HOTCHECK is also used by investors as part of the due diligence process. Such an investigation is essential, especially when extending leases or changing operators or owners of older hotels.
- Repair backlog (defects requiring immediate action to avoid consequential damage to the building)
- Renovation backlog (maintenance backlog)
- Restructuring backlog (deficiencies without immediate need for action)
- Obsolescence and the associated need for modernization in accordance with current hotel standards and the usual requirements of franchisors and customers
- Need for adaptation to standards of specified hotel brands
- The fulfillment of safety-related requirements from laws, regulations and standards
- and other criteria important for the projected evaluation
In this process we assess the repair neediness, repairability and appropriateness of repairs of the property. Our HOTCHECK is also used by investors as part of the due diligence process. Such an investigation is essential, especially when extending leases or changing operators or owners of older hotels.