Hotel Development & Investment

budget plan

The plan of an organization to allocate it financial resources to different departments and activities and the management of cash flows, comprising bo [...]

budget plan2024-09-16T09:21:23+02:00

project development risk

Any risk in a development project that could cause it to fail to meet any of its objectives prior to the developer's exit, including construction proj [...]

project development risk2024-09-16T09:26:46+02:00

post-opening

The phase in a property development project and life cycle following construction completion, closeout and property commissioning, during which the pr [...]

post-opening2024-09-16T09:26:14+02:00

facility manager

A facilities service provider that represents the tenant or the owner-occupier of commercial real estate with a view to optimize the use of the proper [...]

facility manager2024-09-16T09:23:24+02:00

franchise management agreement

An operating agreement between a business owner and a brand management company under which the management company operates the property for the owner. [...]

franchise management agreement2024-09-16T09:23:46+02:00

freeholder

The owner of real property – land and all immovable structures attached to such land – that is held outright and for an indeterminate duration, who is [...]

freeholder2024-09-16T09:23:50+02:00
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