Inside the GHS

AERA

Institutional Corpus Architecture

THE SYSTEM BEHIND CONTINUITY

The depth of AERA lives in an interconnected institutional corpus.

This page reveals the architecture of that corpus: what each official document is for, where it sits in the system, who uses it and the complete section skeleton showing the subjects it structures.

23official corpus documents
92sections in the Founding Bible
6interconnected corpus families

The architecture is visible here. The protected doctrine, methodologies, criteria, thresholds, data, matrices and project-application content remain within the authorized AERA corpus.

01 · CORPUS FAMILY

System Definition

The founding doctrine and the three primary references that define the system before project implementation begins.

FOUNDINGThe Founding Bible of AERA — Founding Edition92 sections
Function

To establish the founding doctrine, governing Condition of Life, philosophy of duration, spatial and operational principles, territorial logic and long-term institutional identity from which the complete AERA Corpus derives.

Position within the corpus

The Founding Bible is the original doctrinal source of AERA. It precedes project application and provides the intellectual and institutional foundation from which the Project Owner Edition, Master Project Book and detailed frameworks are derived.

Primary users

Founder and system steward, Project Owner, principal investment decision-makers, senior operator leadership and selected institutional and professional advisers.

Document architecture92 sections
  1. 1PART I — THE CONDITION
  2. 2THE ART OF STAYING
  3. 3THE PROBLEM OF FRAGMENTATION
  4. 4THE FAILURE OF INTERRUPTION-BASED HOSPITALITY
  5. 5THE FAILURE OF PERMANENCE-BASED LIVING
  6. 6THE EMERGENCE OF CONTINUITY
  7. 7PART II — THE RESPONSE
  8. 8CONTINUITY
  9. 9DURATION
  10. 10CALM PROXIMITY
  11. 11AUTONOMY
  12. 12RELATIONSHIP TO CITIES
  13. 13RELATIONSHIP TO MOVEMENT
  14. 14RELATIONSHIP TO SPACE
  15. 15RELATIONSHIP TO TIME
  16. 16PART III — THE SYSTEM
  17. 17TERRITORIAL LOGIC
  18. 18SPATIAL LOGIC
  19. 19INHABITED FIELDS
  20. 20OPERATIONAL INVISIBILITY
  21. 21NON-PROGRAMMED LIVING
  22. 22BEHAVIORAL COMPATIBILITY
  23. 23CONTINUITY INFRASTRUCTURE
  24. 24PART IV — THE PROTECTION
  25. 25THE DRIFT OF HOSPITALITY
  26. 26THE PROBLEM OF ACTIVATION
  27. 27THE DESTRUCTION CAUSED BY DENSITY
  28. 28WHY PROGRAM CREATES DEPENDENCY
  29. 29OPERATIONAL VISIBILITY AS STRUCTURAL FAILURE
  30. 30INVESTOR PRESSURE
  31. 31OPERATOR DRIFT
  32. 32ARCHITECTURAL EGO
  33. 33PROTECTION OF SYSTEM INTEGRITY
  34. 34PART V — THE SYSTEM
  35. 35AERA AS A SYSTEM
  36. 36SYSTEM INDEPENDENCE
  37. 37SYSTEM AUTONOMY
  38. 38TERRITORIAL APPLICATION ACROSS COMPATIBLE REGIONS
  39. 39LONG-DURATION INFRASTRUCTURE
  40. 40THE FUTURE OF CONTINUITY-BASED LIVING
  41. 41PART VI — THE ENVIRONMENT
  42. 42DOMESTICITY VS HOSPITALITY
  43. 43THE PSYCHOLOGY OF STAYING
  44. 44UNIT PHILOSOPHY
  45. 45SPATIAL CALM
  46. 46MATERIAL RESTRAINT
  47. 47LIGHT AND ATMOSPHERIC SOFTNESS
  48. 48THRESHOLDS AND TRANSITIONAL SPACE
  49. 49RELATIONSHIP TO PRIVACY
  50. 50LANDSCAPE INTEGRATION
  51. 51ARCHITECTURE AS BEHAVIORAL SUPPORT
  52. 52ENVIRONMENTAL SILENCE
  53. 53CLIMATE AND TERRITORIAL ADAPTATION
  54. 54BEHAVIORAL SUSTAINABILITY OF SPACE
  55. 55PART VII — THE OPERATIONS
  56. 56INVISIBLE STAFFING LOGIC
  57. 57SERVICE WITHOUT PRESENCE
  58. 58OPERATIONAL REDUCTION
  59. 59FRICTION REDUCTION SYSTEMS
  60. 60HOUSEKEEPING PHILOSOPHY
  61. 61MAINTENANCE AS CONTINUITY PROTECTION
  62. 62FOOD WITHOUT HOSPITALITY THEATER
  63. 63ARRIVAL WITHOUT INTERRUPTION
  64. 64DEPARTURE WITHOUT EXTRACTION
  65. 65LONG-STAY OPERATIONAL LOGIC
  66. 66OPERATIONAL SILENCE
  67. 67REDUCTION UNDER PRESSURE
  68. 68PART VIII — THE TERRITORIES
  69. 69TYPE A: PERI-URBAN EDGE
  70. 70TYPE B: COASTAL TRANSITION
  71. 71TYPE C: INLAND QUIET TERRITORY
  72. 72TERRITORY SELECTION LOGIC
  73. 73RELATIONSHIP TO URBAN SYSTEMS
  74. 74TERRITORIAL DEPARTURE INDICATORS
  75. 75SATURATION RISK
  76. 76INFRASTRUCTURE THRESHOLDS
  77. 77ENVIRONMENTAL STABILITY
  78. 78FUTURE TERRITORIAL EXPANSION
  79. 79INTERNATIONAL COMPATIBILITY LOGIC
  80. 80PART IX — THE FUTURE
  81. 81THE POST-HOSPITALITY CONDITION
  82. 82THE FUTURE OF LONG-DURATION INHABITATION
  83. 83CONTINUITY AS LUXURY
  84. 84THE INVISIBLE ENVIRONMENT
  85. 85AI AS QUIET INFRASTRUCTURE
  86. 86THE FUTURE VALUE OF SILENCE
  87. 87BEHAVIORAL SCARCITY
  88. 88THE CONTINUITY ECONOMY
  89. 89THE END OF ESCAPE
  90. 90THE CONTINUITY GENERATION
  91. 91THE FUTURE ROLE OF AERA
  92. 92FINAL POSITION
PRIMARYSystem Bible — Project Owner Edition20 sections
Function

To define what AERA is, why it exists, the condition of Continuity it protects and the principles of coherence the Project Owner must understand.

Position within the corpus

The primary doctrinal reference for the Project Owner. It establishes the system before project implementation begins.

Primary users

Project Owner, investment leadership, senior advisers, operator leadership and appointed project directors.

Document architecture20 sections
  1. 1PURPOSE OF THIS EDITION
  2. 2SYSTEM DEFINITION
  3. 3ORIGIN AND PURPOSE
  4. 4THE GOVERNING DOCTRINE: CONTINUITY
  5. 5DURATION AND THE ART OF STAYING
  6. 6SYSTEM IDENTITY
  7. 7SYSTEM STRUCTURE
  8. 8TERRITORY AND CALM PROXIMITY
  9. 9TYPOLOGY AND INHABITED ENVIRONMENT
  10. 10ARCHITECTURE, INTERIORS AND ENVIRONMENTAL SILENCE
  11. 11OPERATIONS AND SERVICE WITHOUT INTERFERENCE
  12. 12THE ECONOMIC LOGIC OF CONTINUITY
  13. 13COMPATIBLE PROJECT EXPRESSIONS
  14. 14WHAT MAY VARY BETWEEN PROJECTS
  15. 15WHAT MUST REMAIN COHERENT
  16. 16PROJECT OWNER AUTHORITY AND RESPONSIBILITY
  17. 17SYSTEM COHERENCE AND FUNDAMENTAL DEPARTURE
  18. 18WHAT THE PROJECT MUST BE AT OPENING
  19. 19HOW TO READ THE AERA PROJECT CORPUS
  20. 20FINAL POSITION
PRIMARYMaster Project Book — Project Implementation Manual23 sections
Function

To translate the AERA doctrine into a complete implementation structure for the Project Owner’s appointed teams.

Position within the corpus

The principal implementation manual connecting the System Bible to the detailed frameworks, guidelines and project-specific professional work.

Primary users

Project Owner, architects, designers, engineers, operator, consultants, procurement and construction leadership.

Document architecture23 sections
  1. 1AERA PROJECT DEFINITION
  2. 2COMPLETE PROJECT CONFIGURATION
  3. 3TERRITORY AND ACTIVE-SYSTEM RELATIONSHIP
  4. 4SITE STRUCTURE AND COMPATIBILITY
  5. 5MASTERPLANNING AND INHABITATION FIELD
  6. 6ACCOMMODATION TYPOLOGY SYSTEM
  7. 7PRIVATE EXTERIOR TERRITORY
  8. 8AERA RESIDENCES, WHERE ADOPTED
  9. 9ARCHITECTURAL SYSTEM
  10. 10INTERIOR INHABITATION SYSTEM
  11. 11ARRIVAL, ORIENTATION AND DEPARTURE
  12. 12OPERATING MODEL AND SERVICE EXPRESSION
  13. 13FOOD, PROVISIONING AND DOMESTIC AUTONOMY
  14. 14HOUSEKEEPING, MAINTENANCE AND OCCUPANT SUPPORT
  15. 15MOBILITY, ACCESS AND VEHICLE SYSTEM
  16. 16BACK-OF-HOUSE AND INVISIBLE LOGISTICS
  17. 17TECHNOLOGY, CONNECTIVITY AND INFRASTRUCTURE
  18. 18LANDSCAPE, CLIMATE AND ENVIRONMENTAL INTEGRATION
  19. 19OPERATOR TRANSLATION AND OPERATING READINESS
  20. 20ECONOMIC COMPATIBILITY AND PROJECT COORDINATION
  21. 21CONSTRUCTION TRANSLATION AND DELIVERY
  22. 22OPENING CONDITION AND LONG-TERM CONTINUITY
  23. 23PRINCIPAL AERA CORPUS NAVIGATION MATRIX

02 · CORPUS FAMILY

Governance, Control & Validation

The governance, control and validation architecture through which project decisions are read against the corpus.

03Institutional Governance Framework12 sections
Function

To define the institutional governance embedded within a Governed Hospitality System without governing or administering the project.

Position within the corpus

Establishes the common institutional understanding of governance as a property of the corpus rather than a permanent external service.

Primary users

Project Owner, legal and institutional advisers, appointed professional teams and operator leadership.

Document architecture12 sections
  1. 01Purpose and Institutional Status
  2. 02The Governed Hospitality System Principle
  3. 03Institutional Authority of the Corpus
  4. 04Embedded Governance
  5. 05Project Authority
  6. 06Professional Interpretation and Responsibility
  7. 07Interdependence of the Frameworks
  8. 08Protection of System Identity
  9. 09Operator and Brand Independence
  10. 10Project Departures and Institutional Consequences
  11. 11Long-Term Institutional Continuity
  12. 12Final Governance Definition
03ASystem Governance Framework12 sections
Function

To translate the common institutional governance architecture into the particular doctrine of the system.

Position within the corpus

Connects the common governance principles of Document 03 to the protected relationships and governing condition of the system.

Primary users

Project Owner, system interpreters, architects, designers, operators and appointed advisers.

Document architecture12 sections
  1. 01Purpose and System Status
  2. 02Governing Condition of the System
  3. 03Institutional Identity to Be Preserved
  4. 04Protected System Relationships
  5. 05System Interpretation Principles
  6. 06Project Authority Within the System
  7. 07Professional Application of the System
  8. 08Operator Position Within the System
  9. 09System-Coherence Departures
  10. 10Consequences of Progressive System Drift
  11. 11Long-Term Continuity of the System
  12. 12Final System Governance Definition
04Institutional Control Framework12 sections
Function

To define the meaning of institutional control without creating project-management, construction or operational control.

Position within the corpus

Establishes the corpus as the permanent reference against which coherence and material departure are understood.

Primary users

Project Owner, governance advisers, appointed teams, operator leadership and decision-makers.

Document architecture12 sections
  1. 01Purpose and Institutional Status
  2. 02Meaning of Institutional Control
  3. 03Corpus as the Control Reference
  4. 04Protected Reference Conditions
  5. 05Relationship Between Guidance and Project Authority
  6. 06Interpretation of Departures
  7. 07Materiality of Departures
  8. 08Consequences for System Coherence
  9. 09Consequences for Positioning and Value
  10. 10Continuity Across Project Evolution
  11. 11Limits of Institutional Control
  12. 12Final Control Definition
04ASystem Control Framework15 sections
Function

To identify the particular conditions that allow the system to remain coherent and recognizable.

Position within the corpus

Translates institutional control into the system-specific conditions protected across territory, site, design, operations, economics and positioning.

Primary users

Project Owner, appointed design and technical teams, operator and financial advisers.

Document architecture15 sections
  1. 01Purpose and System Status
  2. 02Highest-Order System Condition
  3. 03Protected Territorial Conditions
  4. 04Protected Site Conditions
  5. 05Protected Density and Capacity Conditions
  6. 06Protected Typological Conditions
  7. 07Protected Architectural Conditions
  8. 08Protected Interior Conditions
  9. 09Protected Operational Conditions
  10. 10Protected Economic Conditions
  11. 11Protected Positioning Conditions
  12. 12Material System Departures
  13. 13Progressive Loss of System Coherence
  14. 14Long-Term Asset Consequences
  15. 15Final System Control Definition
08Validation Framework17 sections
Function

To define what must be verified to determine whether a proposal, decision or configuration remains coherent with the system.

Position within the corpus

Establishes the subjects, references and possible findings of institutional validation against the corpus.

Primary users

Project Owner, appointed professional teams, operator, financial advisers and internal project reviewers.

Document architecture17 sections
  1. 01Purpose and Validation Status
  2. 02Meaning of Validation
  3. 03Validation Against the Corpus
  4. 04Subjects Requiring Validation
  5. 05Territorial Validation
  6. 06Site Validation
  7. 07Typological Validation
  8. 08Architectural Validation
  9. 09Interior Validation
  10. 10Operational Validation
  11. 11Economic Validation
  12. 12Operator Compatibility Validation
  13. 13Validation Outcomes
  14. 14Material Departure Findings
  15. 15Consequences of Validation Findings
  16. 16Limits of Validation
  17. 17Final Validation Definition
08ACompatibility Assessment Methodology14 sections
Function

To provide the intellectual and documentary method used to assess a proposal against the corpus.

Position within the corpus

Supplies the common assessment sequence supporting compatibility conclusions without replacing professional or Project Owner authority.

Primary users

Assessment team, Project Owner, appointed advisers and professional disciplines submitting evidence.

Document architecture14 sections
  1. 01Purpose and Methodological Status
  2. 02Meaning of Compatibility Assessment
  3. 03Identification of the Assessment Subject
  4. 04Identification of Applicable Frameworks
  5. 05Identification of Protected Reference Conditions
  6. 06Evidence Required
  7. 07Comparison Against the Corpus
  8. 08Identification of Departures
  9. 09Assessment of Materiality
  10. 10Assessment of System Consequences
  11. 11Compatibility Conclusions
  12. 12Documentation of Findings
  13. 13Limits of the Assessment
  14. 14Final Methodological Definition

03 · CORPUS FAMILY

Territory, Site & Deployment

The frameworks that connect the system to territory, site selection and authorized project deployment.

05Deployment Framework12 sections
Function

To explain how the system is applied to a project without organizing the work of the Project Manager or project teams.

Position within the corpus

Connects the complete corpus to project-specific interpretation from territorial application through opening and long-term operation.

Primary users

Project Owner, development leadership, architects, designers, engineers, operator and financial teams.

Document architecture12 sections
  1. 01Purpose and Deployment Principle
  2. 02Eligible Deployment Object
  3. 03Preliminary Assessment
  4. 04Participation Rights
  5. 05Access and Confidentiality
  6. 06Activation Sequence
  7. 07Project Adaptation
  8. 08Replication and Additional Projects
  9. 09Territorial or Portfolio Arrangements
  10. 10Change, Suspension and Termination
  11. 11Records and Handover
  12. 12Boundaries and Final Authority
06Territorial Framework12 sections
Function

To define the territories in which the system can ideally preserve its doctrine, positioning and value.

Position within the corpus

Establishes the territorial conditions that precede site selection, design and project configuration.

Primary users

Project Owner, territorial advisers, planners, development teams, environmental and market advisers.

Document architecture12 sections
  1. 01Purpose and Territorial Principle
  2. 02Required Territorial Condition
  3. 03Eligible Territorial Families
  4. 04Incompatible Territorial Conditions
  5. 05Scale and Spatial Continuity
  6. 06Settlement and Access Relationship
  7. 07Productive / Cultural / Environmental Relationship
  8. 08Boundaries and Interfaces
  9. 09Evidence Requirements
  10. 10Territorial Risks and Adaptation
  11. 11Relationship to Site Selection
  12. 12Boundaries and Final Authority
07Site Selection Framework12 sections
Function

To define the qualities a site should present to permit a coherent application of the system.

Position within the corpus

Translates the territorial principles of Document 06 into physical, climatic, infrastructural, operational and economic site conditions.

Primary users

Project Owner, development adviser, architect, planner, environmental, technical and financial teams.

Document architecture12 sections
  1. 01Purpose and Investor Use
  2. 02Site / Asset Description
  3. 03Territorial Compatibility
  4. 04Typology and Capacity Fit
  5. 05Access, Infrastructure and Logistics
  6. 06Environmental / Climatic / Physical Conditions
  7. 07Cultural / Heritage / Productive Context
  8. 08Operator and Service Feasibility Interface
  9. 09Development and Legal Interface
  10. 10Assessment Outcomes
  11. 11Material Site Risks
  12. 12Investor Decision and Next Steps

04 · CORPUS FAMILY

Architecture, Interiors & Typologies

The design and typology architecture that translates institutional principles into project-facing spatial references.

10Architecture Framework12 sections
Function

To define the architectural doctrine of the system.

Position within the corpus

Establishes the architectural relationships that precede detailed design decisions and guide the Architecture Guidelines.

Primary users

Project Owner, lead architect, planning, landscape, environmental and engineering teams.

Document architecture12 sections
  1. 01Purpose and Architectural Principle
  2. 02Relationship to Territory / Existing Fabric
  3. 03Scale, Massing and Density
  4. 04Spatial Organization
  5. 05Movement and Sequence
  6. 06Privacy, Presence and Social Relationship
  7. 07Material and Construction Principles
  8. 08Climate, Light and Environmental Response
  9. 09Landscape / Productive / Urban Interface
  10. 10Operator and BOH Interface
  11. 11Architectural Non-Negotiables and Departures
  12. 12Relationship to Documents 11 and 14
11Architecture Guidelines12 sections
Function

To translate the architectural doctrine into concrete references for project application.

Position within the corpus

Provides practical architectural references while remaining subordinate to the Architecture Framework and project-specific professional responsibility.

Primary users

Architect, masterplanner, landscape architect, engineers, operator technical teams and Project Owner.

Document architecture12 sections
  1. 01Purpose, Status and Use
  2. 02Design Principles
  3. 03Site Planning and Placement
  4. 04Massing, Height and Density
  5. 05Arrival and Spatial Sequence
  6. 06Unit / Pavilion / Building Guidance
  7. 07Shared, Public and External Spaces
  8. 08BOH, Service and Technical Integration
  9. 09Materials, Openings, Light and Climate
  10. 10Landscape / Urban / Productive Interface
  11. 1111A Area Schedule
  12. 12Deviations and Project Adaptation
11AArea Schedule Annex12 sections
Function

To define the areas, categories, functional minimums and dimensional targets of the official typologies.

Position within the corpus

Provides the dimensional reference annex used with Documents 11, 12, 13 and 14.

Primary users

Architect, interior designer, cost consultant, operator, technical teams and Project Owner.

Document architecture12 sections
  1. 01Purpose and Annex Status
  2. 02Area Measurement Principles
  3. 03Minimums and Reference Targets
  4. 04Primary Accommodation Typology Area Schedules
  5. 05Other Eligible Typology and Conditional Residential Schedules
  6. 06Interior Area Categories
  7. 07Exterior Area Categories
  8. 08Service and Support Areas
  9. 09Circulation and Wall Allowances
  10. 10Area Redistribution Principles
  11. 11Exclusions and Clarifications
  12. 12Final Area Schedule Definition
12Interior Framework12 sections
Function

To define the interior doctrine and the human conditions interiors must produce.

Position within the corpus

Establishes the experiential, domestic, sensory and operational logic preceding detailed interior standards.

Primary users

Project Owner, interior designer, architect, lighting and acoustic advisers, operator and procurement teams.

Document architecture12 sections
  1. 01Purpose and Interior Principle
  2. 02Interior Atmosphere
  3. 03Spatial Hierarchy and Use
  4. 04Materiality and Tactility
  5. 05Furniture and Object Presence
  6. 06Light, Darkness and Visual Control
  7. 07Acoustic and Sensory Conditions
  8. 08Technology Integration
  9. 09Service and Operational Interface
  10. 10Art, Craft and Cultural Relationship
  11. 11Interior Non-Negotiables and Departures
  12. 12Relationship to Document 13
13Interior Guidelines12 sections
Function

To translate the interior doctrine into practical standards.

Position within the corpus

Provides the detailed interior references used by the appointed design and procurement teams.

Primary users

Interior designer, architect, lighting and acoustic advisers, FF&E, procurement, operator and Project Owner.

Document architecture12 sections
  1. 01Purpose, Status and Use
  2. 02Spatial Planning Guidance
  3. 03Material Palette Principles
  4. 04Color and Visual Restraint
  5. 05Furniture, Joinery and Object Density
  6. 06Lighting Guidance
  7. 07Acoustic and Sensory Guidance
  8. 08Technology and Controls
  9. 09Bathrooms, Kitchens and Service Interfaces
  10. 10Art, Craft and Local Relationship
  11. 11Mock-Ups, Samples and Project Evidence
  12. 12Variations and Departure Records
14Typology Framework12 sections
Function

To define the official typologies of the system and their complete capacity of use.

Position within the corpus

Consolidates the spatial, occupancy, domestic, climatic and long-stay characteristics of each official typology.

Primary users

Project Owner, architect, interior designer, operator, cost consultant and financial teams.

Document architecture12 sections
  1. 01Purpose and Typology Principle
  2. 02Typology Register
  3. 03Typology Purpose and Condition
  4. 04Site / Territory Eligibility
  5. 05Scale, Inventory and Density
  6. 06Core Components and Programme
  7. 07Spatial and Architectural Logic
  8. 08Interior and Service Logic
  9. 09Residential Eligibility, if Applicable
  10. 10Economic / Development Interface
  11. 11Typology Selection and Adaptation
  12. 12Hybridization and Departure

05 · CORPUS FAMILY

Operations

The operator relationship and compatibility architecture through which the system enters operational reality.

09Operator Compatibility Framework14 sections
Function

To define how an operator may operate the system without redefining it.

Position within the corpus

Establishes the relationship between operator capability, operator identity and the protected operating conditions of the system.

Primary users

Project Owner, operator-selection advisers, operator leadership, asset management and project teams.

Document architecture14 sections
  1. 01Purpose and Investor Use
  2. 02Core Operator Principle
  3. 03Operator Model
  4. 04Role Allocation
  5. 05Operator Compatibility Criteria
  6. 06Operator Universe
  7. 07Compatible Operator Profiles and Named References
  8. 08Residential Service Capability, if applicable
  9. 09Operator Obligations
  10. 10Material Incompatibilities and Disqualifiers
  11. 11Operator Bible / Operating Manual Requirements
  12. 12Deviation Documentation
  13. 13Investor Final Authority and institutional role boundaries
  14. 14Final Operator Principle

06 · CORPUS FAMILY

Economics, Finance & Development

The economic, financial and development architecture connecting system logic to capital, modelling and project structure.

15Economic Framework14 sections
Function

To explain how the doctrine of the system produces a coherent economic logic.

Position within the corpus

Connects positioning, density, privacy, typology, service, territory and occupancy to the system's reference economic structure.

Primary users

Project Owner, investment, development, market, operator and financial advisers.

Document architecture14 sections
  1. 01Purpose and Investor Use
  2. 02Economic Logic of the System
  3. 03Economic Object and Reference Configuration
  4. 04Value-Creation Logic
  5. 05Revenue Architecture
  6. 06Cost Architecture
  7. 07CAPEX and Capital-Intensity Logic
  8. 08Residential Capital Formation, if Applicable
  9. 09Operator and Service Economics
  10. 10Project IP Participation Treatment
  11. 11Economic Risks and Constraints
  12. 12Project Adaptation and Required Inputs
  13. 13What This Framework Does Not Include
  14. 14Strategic Economic Conclusion
16Financial Models18 sections
Function

To define the financial methodology applicable to projects of the system.

Position within the corpus

Translates the Economic Framework into a disciplined modelling structure that can be recalibrated for individual projects.

Primary users

Project Owner, financial adviser, development manager, cost consultant, operator and lenders' advisers.

Document architecture18 sections
  1. 01Purpose and Use
  2. 02Relationship to Document 15
  3. 03Model Architecture
  4. 04Reference Project Configuration
  5. 05Input Register and Status
  6. 06Inventory and Unit Mix
  7. 07Rate and Utilization Assumptions
  8. 08Hospitality Revenue Model
  9. 09OPEX Model
  10. 10EBITDA Model
  11. 11CAPEX Model
  12. 12Residential Proceeds, if Applicable
  13. 13Net Funding Requirement
  14. 14Capital Structure and Financing, if Included
  15. 15Returns and Valuation Logic
  16. 16Sensitivity and Risk Factors
  17. 17Project IP Participation Treatment
  18. 18Notes, Limitations and Responsibility
16AAERA Internal Project Financial Model Matrix24 sections
Function

To apply the methodology of Document 16 to the actual data of a specific project.

Position within the corpus

Provides the project-specific financial application while remaining subordinate to the system's Economic Framework and Financial Models.

Primary users

Project Owner, financial adviser, development manager, cost consultant, operator, financing parties and tax advisers.

Document architecture24 sections
  1. 01Document Status
  2. 02Project Identification
  3. 03Territory and Site Data
  4. 04Land-Acquisition Data
  5. 05Development Configuration
  6. 06Inventory and Unit Mix
  7. 07Project Programme
  8. 08Construction-Cost Assumptions
  9. 09Infrastructure-Cost Assumptions
  10. 10Professional and Development Costs
  11. 11Operating Assumptions
  12. 12ADR and Occupancy Assumptions
  13. 13Revenue Projections
  14. 14OPEX Projections
  15. 15EBITDA Projections
  16. 16Residential Assumptions, Where Applicable
  17. 17Financing Assumptions
  18. 18Taxation and Transaction Costs
  19. 19Cash Flow
  20. 20Returns and Valuation
  21. 21Sensitivities
  22. 22Downside Case
  23. 23Project-Specific Conclusions
  24. 24Model Limitations
17Development Models16 sections
Function

To define the institutional and economic forms in which a project of the system may be developed.

Position within the corpus

Connects system doctrine and project configuration to ownership, capital, partnership, operator and long-term transfer structures.

Primary users

Project Owner, development and investment advisers, legal counsel, operator, capital partners and asset-management teams.

Document architecture16 sections
  1. 01Purpose and Investor Use
  2. 02Core Development Principle
  3. 03Defined Project and Rights Perimeter
  4. 04Role Allocation
  5. 05Permissible Development Configurations
  6. 06Project Activation Sequence
  7. 07Land / Asset / SPV / Capital Responsibility
  8. 08Professional Team and Appointments
  9. 09Residential Integration, if Applicable
  10. 10Development-Phase Documentation
  11. 11Material Changes and Departures
  12. 12Risk Allocation
  13. 13Investor Final Authority
  14. 14What the institutional rights holder Does Not Do
  15. 15Relationship to Documents 15, 16 and 16A/B/C
  16. 16Final Development Principle

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