We employ portfolio-wide resiliency measures, including carrying all risk property insurance for every property. This includes insurance for natural catastrophes, including wind, flood, and fire events. Furthermore, because our hotels are geographically diverse, singular events are less likely to have an overwhelming effect on the performance of our overall portfolio.
Our property-level resiliency efforts are largely dependent on the property’s unique circumstances – geography, building age, operating status, and other geopolitical factors. We continually monitor and implement practical, cost-effective resiliency measures and strategies while taking environmental impact into account.