Hotel & Resort Lease-In & Lease-Out refers to a business model where a hotel or resort property is taken on lease (lease-in) by an operator and then managed or sub-leased (lease-out) for hospitality operations. In this model, the property owner and the operator work together to generate revenue while sharing responsibilities and benefits.

• Lease-In: A hotel or resort operator takes a property on lease from the owner for a fixed period at an agreed rental amount.

• Lease-Out: The operator runs the hotel & resort or may further lease it to another hospitality brand or management company for operations.