control over operations
The right of owner of a business to approve budgets, key personnel, contracts, etc., required for the operator's management of the business. [...]
scaled incentive fee
An incentive fee paid on a sliding scale basis, where it increases/decreases in accordance with an the increase/decrease in profit, commonly used to p [...]
incentive fee
A fee paid to reward a hotel operator for outperforming agreed targets, typically based on adjusted gross operating profit (GOP) to encourage the oper [...]
performance test
A test of the operational performance of over a set period of time in terms of certain metrics, such as gross operating profit (GOP) and/or revenue pe [...]
furniture, fixtures and equipment
The furniture, fixtures or other equipment or other movable property that is on property and used in the operation of a business, such as a hotel's fu [...]
furnishing and fixture requirements
The requirements of a tenant to be responsible for the landlord’s furniture, fixtures and equipment (FF&E) received by the tenant, where the tenan [...]
