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:

  • Security Deposit

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As CEO and Founder of XOTELS, Patrick Landman has made it his mission to turn hotels and resorts into local market leaders. XOTELSยด diverse expertise and deep-knowledge across revenue management consulting, hotel management, and hotel consulting, enables us to drive results for independent boutique hotels, luxury resorts, and innovative lodging concepts. Below you will find opinion articles written by Patrick Landman.