Hotel closings, flag and all.
A hotel is a business as much as a building, and lending against one adds a franchise layer on top of standard diligence. Prodeal runs hospitality closings with the comfort letter, PIP, and operating diligence tracked alongside the usual commercial checklist.
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The franchise layer
The franchise agreement, comfort letter, and PIP add a whole workstream to a hotel closing.
A going concern
Revenue, occupancy, and management diligence matter because the collateral operates as a business.
Longer, more complex lists
Hospitality deals are simply longer checklists, where tracking every item matters more.
Hotel closings, flag and all.
A hospitality deal's extra layers stay on one list.
01Open the hospitality template
The deal opens with the longer document set a hotel loan needs.
02Track the franchise and PIP
Franchise agreements and the PIP are tracked items with owners and dates.
03Run the longer list without dropping items
The going-concern items stay on the list, each with a status.
04The record exports for the file
A time-stamped record and binder export for the file.
Run one hotel closing's full stack.
Book a demoThe franchise layer, itemized
Franchise agreement, comfort letter, and PIP run as tracked items with owners.
A going concern's file
STR reports, management agreements, and operating statements land against named lines.
Longer lists, nothing dropped
A hotel's bigger document set runs on one checklist where every line has a status.
Flag requirements on time
Franchisor deliverables carry dates and reminders like everything else.
Questions lenders ask
- How does Prodeal handle hotel franchise diligence?
- The franchise agreement, franchisor comfort letter, and property improvement plan run as tracked checklist lines alongside the standard commercial set, so the hospitality-specific workstream stays visible.
- Can it manage a longer, going-concern list?
- Yes. Hospitality's longer document set runs on one checklist where every item carries a status, so nothing slips on a complex deal.
- Where do the PIP and franchise documents live?
- As their own tracked items: the franchise agreement, comfort letter, and each PIP obligation carry owners and dates, so the flag's requirements close out on the record.
The whole flag file, on schedule.
Bring one hospitality deal to the walkthrough. The PIP and the franchise stack run as a list.