Under a hotel lease agreement, the owner of a hotel property leases it to the tenant, who uses it to run its hotel business. The property owner (landlord) has no control over the...
Hotel franchising is an arrangement between a business owner in which hotel property is operated under a hotel chain franchise agreement. The franchisor's brand, distribution chan...
What is hotel feasibility analysis?
Feasibility studies are conducted by the developers of commercial real estate to analyze and confirm the optimal product to maximize market penetration, performance, and the intern...
Hotel development refers to either hotel business development or hotel property development, but often to both as interdependent activities. Hotel development starts with strategi...
Facilities management (FM) is the integration of processes to develop, provide and maintain the facility services by supporting and improving the effectiveness of the core business...
What is ESG-compliant CRE lending?
ESG risk is the possibility of suffering a negative impact on a company arising from environmental, social and governance (ESG) factors. Sustainability risk (SR) is an ESG event o...
The first-lien mortgage is the senior-most loan secured by real estate having priority claim against the real property. It is first in the chronological order in which all mortgag...
What is construction project management?
Construction project management is the coordination and supervision of a project's construction process, from early planning to erecting and finishing the product for project close...
What is construction project delivery?
Procurement routes are the methods of procuring construction project management and delivering the design and construction of built structures. Design-bid-build, design-build, and...
What is commercial real estate?
Commercial real estate (CRE) is any land or building used for commercial purposes, generally encompassing any real property other than a residential lot or multi-dwelling units no...
