Glossary

Franchise Agreement (Hotel)

In one sentence

The brand agreement governing a hotel's flag, central to hospitality lending diligence.

The longer version

A hotel's franchise or brand agreement drives its revenue and imposes property improvement obligations. Lenders diligence the agreement, often obtain a comfort letter from the franchisor, and track PIP obligations.

Hospitality closings add franchise, comfort letter, and PIP items to the standard commercial checklist.

Keep reading
Ready when you are

See your deals in real time.

Send us one live deal. We will build the room on your own checklist.