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A properly developed due diligence
program can yield significant cost savings to buyers in terms of
liabilities avoided and
cost adjustments to a particular transaction if information from
the due diligence investigation is used properly
and in the early stage of the transactional process.
DUE DILIGENCE FOR HOTEL AND MOTEL PROPERTY
- Serving every US city and town
- Prompt, expert service
- Lowest cost
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Inspection Today ---
Wednesday, March 10, 2010
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We work with owners, buyers, sellers, lenders and attorneys to
design and conduct a cost-effective due diligence strategy to
achieve your two main goals:
- Minimize legal, financial and business risk
- Maximize investor value
This
page contains information on
environmental site assessment, property
condition assessment and building inspection
DUE
DILIGENCE HOTEL AND MOTEL BUILDING & PROPERTY INSPECTION
Property Condition Assessment
Due Diligence Hotel and Motel Building &
Property Inspection is a comprehensive investigation of the
building structure and all the systems.
We inspect service areas, guest rooms, common areas and the entire
property to its limits. Included in our inspection protocol are:
- Structure – concrete, steel and wood
components
- Building envelope – roof and sidewalls
including windows and doors
- Interior finishes – floors, walls and
ceilings
- Furnishings
- Heating, ventilation and air conditioning
- Electrical system and components
- Plumbing system and fixtures
- Fire suppression and life safety systems
- Accessibility
issues
- Landscaping including walks, drives, parking
areas and planted areas
- Storm water drainage
CUSTOMIZED
REPORTING
We can also provide estimates of probable
costs to remedy defects and deficiencies and your inspection service can be customized by
adding or subtracting items to fulfill your
requirements at the lowest possible cost.
SCOPE
OF WORK
Due Diligence Hotel and Motel
Property
Condition Assessment
(PCA) generally exceeds the ASTM
Standard
for this service. The inspector is equipped to investigate,
assess and report on the condition of all structural components
and all
operating systems and fire suppression
and life-safety systems and equipment. Inspection of all
interior and exterior furnishings and finishes are also
available. Drives, roadways, parking and landscaping are also
inspected and the inspector walks the parcel looking for signs of
hazards or hazardous conditions on the subject property and on
adjacent properties.
For each item that is inspected it is the inspector’s intention
to do the following:
-
Establish suitability for use
-
Report on the need for repair or replacement
-
Recommend upgrades and improvements including energy use issues
-
Establish remaining serviceable life expectancy
-
Forecast inspection and maintenance routines for your use during
ownership/occupancy of the building.
IMMEDIATE
AND LONG-TERM BENEFIT
Due Diligence Hotel and Motel Building Inspection Protocol
is
designed to provide you with the information needed by you, your
broker and your real estate attorney prior to finalizing your
purchase contract or other agreement and also to assist you in planning
for operating costs by forecasting required structural and
equipment maintenance routines and schedules.
The inspector will estimate remaining useful life of major
components and discuss the two replacement strategies which are to
replace items when they cease to be functional or to schedule
replacement in advance. The
latter is especially helpful when failure of a building component would cease
or slow down operations, damage finishes, equipment or furniture
or make the building or a portion of the building uncomfortable or
unfit for occupancy. Read
more about Property
Condition Assessment
QUALIFICATIONS
Lifespace Corporation has 25 years building
inspection and property assessment experience on all types of real
estate: commercial and industrial buildings including apartment,
condominium and other residential property and office, call
center, warehouse, distribution, manufacturing, hotel,
motel, restaurant and club, bank, retail,
mall, plaza call center, gas station and
automotive service plus land
including vacant
land, agriculture
land, ranch
land and forestry
land. We serve investors, buyers, sellers,
real estate attorneys, Realtors, real estate agents, bankers and
other lenders, loan brokers and insurance companies.
CONTACT
US
Contact our Senior Inspector to order or for
more information.
Call Edward Devine directly at (585) 738-5080.
You can also request
a quote by e-mail and we'll respond promptly.
DUE
DILIGENCE HOTEL AND MOTEL ENVIRONMENTAL ASSESSMENT
Environmental
Site Assessment
Complete
information available at Phase
1 Environmental Assessment
A complete Due Diligence routine includes Phase
1 Environmental Assessment. Commercial
lenders and investors routinely require environmental assessment
either as part of your application package or at minimum prior to
loan closing. In many
cases the potential for loss as a result of environmental
contamination eclipses potential costs resulting from building
defects or systems failure. Contamination
on the property or under the property in soil or groundwater or a
vapor intrusion condition can have potentially devastating effects
including:
- Reduction of property value
- Impaired ability to repay mortgage loan
- Liability for damage to health of occupants
- Difficulty or inability to rent or sell the
property
- Liability for cleanup under federal and state
CERCLA programs
Lifespace Corporation
Phase I Environmental Assessment and
Vapor Intrusion Assessment
(VIA) meets or exceeds industry standards and
meets or exceeds ASTM E-1527-05 Standard of Practice for
Environmental Assessment and ASTM E-2600-08 Standard Practice for
Vapor Intrusion Assessment.
In some instances you may qualify for a less stringent
environmental assessment product at reduced cost. Contact us
for details. Read more about Environmental Assessment
The main components of environmental assessment
and vapor intrusion assessment are site reconnaissance, Interviews
with property owners, occupants, past owners, public officials and
others who may have specialized knowledge of use and past use of
the property, Extensive research of environmental records in over
60 federal, state, local, tribal and proprietary databases and
determination of and analysis of geology and hydrology under your
property and in the area around your property.
QUALIFICATIONS
Lifespace Corporation has 25 years environmental assessment
experience on all types of real estate: commercial and industrial
buildings including apartment,
condominium and other residential property and office, call
center, warehouse, distribution, manufacturing, hotel,
motel, restaurant and club, bank, retail,
mall, plaza call center, gas station and
automotive service plus land
including vacant
land, agriculture
land, ranch
land and forestry
land. We serve investors, buyers, sellers,
real estate attorneys, Realtors, real estate agents, bankers and
other lenders, loan brokers and insurance companies.
DISCOUNTS
Discounts
are available when you order multiple Due Diligence services at
the same time including Phase
1 Environmental Assessment, Environmental Site
Assessment (ESA), Vapor
Intrusion Assessment (VIA), Commercial
Building Inspection and Industrial
Building Inspection and Property
Condition Assessment (PCA). See our pricing
policy below.
CONTACT
US
Contact our Senior Inspector to order or for
more information.
Call Edward Devine directly at (585) 738-5080.
You can also request
a quote by e-mail and we'll respond promptly.
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