redevelopment
The replacement, rehabilitation or repurposing of existing built property on an already developed site that has become obsolete, performs poorly, or h [...]
operating model
The business model applied for the operation of a hotel, generally categorized as (1) hotel management agreements, (2) franchise agreements, (3) hotel [...]
greenwashing
The process by which corporations, governments, and other entities deceive the public into believing that they are doing more for the environment than [...]
building automation system
A system of hardware and software that connects the heating, venting and air conditioning system (HVAC), lighting and other mechanical systems and wir [...]
adjusted GOP
In the hospitality industry, the gross operating profit (GOP) after deduction of the base management fee. [...]
term
The length of time for which the validity of an agreement or contract is established. [...]
