In one sentence
An agreement from a hotel franchisor to the lender, providing notice and cure rights and continuity of the flag on default.
The longer version
The comfort letter gives a hotel lender assurance the brand will not simply vanish on a borrower default, offering notice, cure rights, and a path to keep the flag. It is central to financing branded hotels.
Negotiating the comfort letter with the franchisor is a hospitality-specific closing workstream.
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