What is hotel franchise?
A structure where the owner or tenant pays a hotel brand franchise fees for the right to use its name, reservation system, loyalty program, and operating standards, while operating the hotel itself or through an operator.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.