clarion hotels

To rub salt into the owner's financial wound, though, he may actually be contractually bound to repair the property, even if he would otherwise have preferred to turn it to some other use after the tragedy. The obligation of an owner to repair the hotel under a management agreement usually depends on the extent of the damage. In general, if the costs of repair do not exceed a certain threshold specified in the management agreement [which is usually a certain percentage of the replacement costs of the hotel], the owner will be obliged to repair the hotel to its condition prior to the destruction clarion hotels. However, if the costs of repair exceed the specified threshold, the owner will have the right to choose not to undertake the repair and to terminate the management agreement. Another threshold may also be negotiated in respect of the obligation to repair when the damage is not covered by insurance clarion hotels. The determination of these thresholds is a matter for the owner and operator to negotiate. In a dramatic case in which a hotel is "appropriated" by an army, hostage situation or other "forceful authority", an owner will generally have the right to terminate the management agreement if the hotel is taken for a long period of time, as specified in the agreement [eg, 12 months] clarion hotels. If the length of "appropriation" is shorter than the specified period, the obligation of the owner to repair and reinstate the hotel after the "appropriation" will usually depend on the cost of repair, as discussed above. .