Technical Due Diligence in Hotels

Technical Due Diligence in the hotel sector is mainly about the assessment of the overall condition of a building´s structure, fit out and installations, in particular with regards to building technology. The Due Diligence primarily aims at estimating expected costs of renovation and refurbishment within a defined time frame. If the costs of a toilet facilities´ renovation, including the affected sanitary piping and systems, are not assessed upfront, for instance, these works will represent a high economic risk. Expenses for overdue maintenance and repair measures in hotels, especially when it comes to older properties, can easily reach a dangerously high cost level for the building owners concerned.