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Buildable Envelope

Buildable Envelope

The maximum space on a lot within which a structure can be built, as permitted by applicable height and other factors, is referred to as the buildable envelope. It’s important to know this when you’re working in a market that ...

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Food and Beverage Concept

Food and Beverage Concept

The overall theme or impression that a restaurant, bar, or lounge is intended to convey. A well-designed F&B concept is reinforced by the architecture, the furniture and decorations, the menu items, and by the staff. As such, concepts are more ...

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Property Improvement Plan

Property Improvement Plan

A property improvement plan (PIP) is required to bring a hotel in compliance with brand standards. According to HVS, an effective PIP should help owners gain market share, increase guest satisfaction, drive revenue performance, and enhance profitability. Elements like lighting, ...

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New Market Tax Credits

New Market Tax Credits

Congress established the New Markets Tax Credit Program in 2000 to spur economic growth in low-income communities. The program is overseen by the U.S. Department of the Treasury and the credits are administered by the Community Development Financial Institutions (CDFI) ...

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Private Equity

Private Equity

Private-equity firms act as an investment vehicles for institutions and wealthy individuals looking to gain an ownership stake in a range of different properties and companies. They commonly create private-equity acquisition funds and treat them like private companies with investors ...

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