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Intermountain Claims, Inc. asked our Hampton IP & Economic Consultants to determine lost profits for an upscale hotel which suffered damage in several rooms from a faulty sprinkler system.
A typical analysis of historical performance would not be adequate, due to the hotel preparing to accommodate guests for the 2002 Winter Olympic Games.
We analyzed historic vacancy rates for the hotel and coupled that with actual reservations cancelled and projected walk-in traffic. We continued to consider the rooms available for use for the analysis.
Insurance Claim