C. Lewis & Company

Hospitality

Location: Muscat, Oman


Scope of Engagement:
  • Measurement of a complicated business interruption loss for a group of luxury hotels as a result of damage sustained in Cyclone Gonu.

Quantum:

  • In excess of US$3,500,000

Unique Aspects of Engagement:

  • Calculated the business interruption loss for 3 separate hotels of varying luxury;
  • Projected without loss sales with limited historical information (hotels had only recently began operations);
  • Accounted for 2 separate repair phases during which the facilities were inoperable;
  • Identified and quantified significant underinsurance.