Percentage Rent

Percentage rent is a commercial lease arrangement where, in addition to a base rent, the tenant agrees to pay a percentage of their gross sales revenue to the landlord. This leasing structure is commonly used in retail and shopping center leases. The percentage is...

Price Positioning

Price Positioning is a determination of where a hotel’s prices stand in comparison to prices at similar properties. Price positioning can be used to evaluate daily room rates, holiday rate promotions, spa and food and beverage prices, and more. Some of the most common...

PROFPAR

Profit Per Available Room (PROFPAR) is a calculation of hotel profit earnings for each available room on the property. The calculation is made using operating profit, which accounts for changes in room revenue and operating expenses. For hotel owners, PROFPAR is a...

Property Appreciation

Property appreciation refers to the increase in the value of a property over time. It is a fundamental concept in real estate investment, where properties can appreciate in value due to various factors such as market demand, location improvements, economic growth, and...

Property Assessment

A property assessment is an evaluation conducted by local government authorities and banks to determine the value of a property for taxation purposes. Property assessments typically involve evaluating the property’s market value, which includes its land and any...