Key Money
What is the meaning / definition of Key Money in the hospitality industry?
Also known as a security deposit, Key Money is a payment to a landlord, payed in order to secure a lease.
In some cases the term may be implied as bribe to the landlord.
Synonyms:
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As CEO and Founder of Xotels, Patrick Landman has made it his mission to turn independent hotels and resorts into local market leaders. Xotels´ diverse expertise and deep-knowledge across
hotel management,
hotel operator,
asset management,
hotel consulting, and
revenue management services, enables them to drive results for independent boutique hotels, luxury eco-resorts, and innovative lodging concepts. Below you will find opinion articles written by Patrick Landman.
