In the United States, hotel management companies typically employ the hotel staff. Outside the US, the owners of hotel property commonly employ hotel staff and are liable for all…
What are the fees in hotel operations?
In addition to the hotel operator’s base management fee, other issues affecting a hotel’s operational performance include: Incentive fee – Typically based on adjusted GOP, calculat…
What are the feasibility study obstacles?
Developers commonly question the usefulness of feasibility studies and commonly view them to be ineffective at predicting the performance of development projects. They are general…
What are the environmental factors in sustainable hotel operations?
Sustainable hotels respect the socio-economic needs of hotel staff and the local community and are operated for the profit of the hotel owners and operators while lowering their en…
What are the environmental attributes of property?
Environmental attributes are the distinct but related geographic characteristics used in defining the market context in which a particular property is located. Markets (neighborho…
What are the direct CRE lenders?
A private debt fund is a direct lending fund, commonly in the form of a closed-end investment company, generally only for the investing of institutional investors and high-net-wort…
What are the CRE credit risk metrics?
For commercial real estate loans, the income-generating capacity of the property to support the loan must be carefully analyzed and fully understand. The underwriting of CRE loans…
What are the costs and fees in the DMA?
The development management agreement (DMA) clarifies what constitutes development costs and assigns responsibility for incurring them. Total development costs, which are borne by…
What are the common loan repayment methods?
Mortgage loans may be structured as amortizing, balloon or bullet loans. A residential mortgage is generally an amortizing loan, in which the loan payments of principal and intere…
What are the common ancillary CRE lease agreements?
A subordination, non-disturbance and attornment agreement (SNDA agreement) is employed by a landlord, tenant and the lender to resolve how and when the rights of tenants will be su…
What are the classes of investment property?
Commercial space (units) is defined and ranked by the quality of the property as: Class A – The highest quality of commercial space available; Class B – The second highest quality…
What are the building attributes of property?
Structural attributes are the characteristics of the fabricated structures on a site, including the design, materials, scale, features, quality and other items that define a buildi…
What are the basic duties of property management?
There are various types of property management companies. There are those that are specialized in the management of closed neighborhoods of single-family homes and multi-dwelling…
What are the basic crowdlending models?
Traditional crowdlending is transacted over three-party P2P platforms that attract the interest of lenders and borrowers, act as an intermediary between the parties, administer the…
What are sustainable property operators?
Hotel owners, operators, brands and hotel management companies have a vested interest in the sustainability of their properties. Hotel properties are developed and operated on sus…
What are sustainable project lenders?
Green loans are any type of loan made available exclusively to finance or refinance in whole or in part new and/or existing eligible “green projects”. Green loan principles facili…
What are sustainable project investors?
An ESG benchmark provides comparable and reliable data on the ESG performance of investments in real estate. Environmental, social and governance (ESG) metrics enable enterprises…
What are sustainable development risks?
Sustainable building development is the practice of creating and using more environmentally and socio-economically responsible and resource-efficient models of construction, operat…
What are sustainable development initiatives?
The Paris Agreement adopted by the United Nations in 2015 aims to strengthen the ability of countries to implement measures to mitigate the adverse impacts of climate change by lim…
What are standard real estate finance facility documents?
The Loan Market Association (LMA) issued in 2012 the Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions (“REF Document”) used in…
What are real estate improvements?
Additions to or enhancements of raw land or structures on real property that are permanently affixed or attached and add usefulness and value to the property, rather than simply re…
What are real estate facilitators?
The real estate market is not a single unified market, rather it is highly fragmented and segment into markets and submarkets, each having a different market structure and competit…
What are real estate bonds?
Real estate bonds are fixed-income capital market instruments that are secured by income-producing property (IPP). They are issued either directly by the borrowing entity, the ori…
What are project contractors?
The general contractor is commonly an engineer specialized in construction supervision engaged by the project manager to coordinate the overall property development process. The g…
What are listing services?
A multiple listing service (MLS) is a service used by real estate brokers to represent sellers and allow others to view the listings of properties for sale. Both selling and buyin…