Florida property managers bracing for huge losses following Gulf oil spill

Posted on June 7th, 2010 No Comments

Property managers along Florida’s ¬†coast are expecting the worst this summer as the damage from BP’s oil spill threatens properties along the gulf coast. Vacation rentals have already seen a 10% drop since the offshore drilling rig Deepwater Horizon exploded in April. As the resulting oil spill begins to threaten coastal properties, vacation property owners and managers fear that tourism and commercial losses may eventually reach 10 to 15 billion dollars.

Managers like Rhonda Holley, the general manager of Pinnacle Point in Panama City Beach, are offering “white sands guarantees” in which tourists will be refunded rental fees if oil does end up hitting the beach. While the guarantees may work to keep business in the early part of the season, some fear that the long-term losses may become too much to handle.

For more information on property damage and oil spill claims, contact the Gulf of Mexico oil spill lawyers of Williams Hart at  800-821-1544 to talk to an experienced attorney today.

Leave a Reply

Get news about the areas in the destructive path of Gulf oil spill.

Learn more about the affected areas of the Gulf oil spill
home  |  about us  |  environmental impact  |  economic loss  |  affected areas  |  types of claims  |  contact us  |  articles  |  law resources  |  faqs  |  blog  |  locations  |  Log in

Copyright ©2010 Williams Hart. Attorneys are licensed only in the state of Texas unless otherwise indicated in the biographical section. Past performance is no guarantee of future results. Williams Hart's primary office is located in Texas. The choice of a lawyer is an important decision and should not be based solely upon advertisements.
Terms of Use  |  Disclaimer  |  Sitemap

8441 Gulf Freeway, Suite 600, Houston, TX 77017-5051
Call toll free today: 800-821-1544