3 Hot Talking Points In Hotel Renovation Deals

By Natalie Rodriguez (January 9, 2014, 7:58 PM EST) -- With money flowing again for hotel renovations, owners and management companies are increasingly finding themselves in tough negotiations over property improvement programs, attorneys say. Here, experts reveal the three contractual terms getting the most play at the bargaining table.

Major brands are taking advantage of the upturn in the hotel deals and financing markets to renegotiate long-delayed property improvement programs with franchisees or put new ones in place, and both parties are spending most of their time and resources negotiating phased timelines, technology standards and contingency provisions for project delays, according to experts.

Phased Timelines

During the recession, many hotel brands...

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