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, any singular event will not have an overwhelming effect on the performance of our overall portfolio.
From a property-specific perspective, our resiliency efforts are largely dependent on the property’s unique circumstances – geography, building age, whether the building is under renovation or currently operating etc. At the property-level, we continually monitor and implement practical, cost-effective resiliency measures and strategies.