What is the meaning / definition of Furniture, Fixtures, and Equipment in the hospitality industry?
FFE stands for Furniture, Fixtures, or other Equipment that has no permanent connection to the structure of the building. It is an accounting term used in valuing, selling, or liquidating a company or building. When valuing a company it is important to consider FFE as they may depreciate substantially.
See also:
- Hotel Asset Management
- Hotel Asset
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