Hotel Management Contracts – Past and Present

dc.contributor.authordeRoos, Jan A.
dc.date.accessioned2020-09-12T21:04:15Z
dc.date.available2020-09-12T21:04:15Z
dc.date.issued2010-02-01
dc.description.abstractConceived as a relatively simple arrangement that allowed international expansion by hotel chain operators without the risk of real estate ownership, the management contract has become an intricate and nearly essential element of the contemporary hotel industry. While trends in management contracts have shifted with the relative bargaining power of owners and operators, the key to a successful contract is aligning the interests of all parties. Owners seek some reasonable guarantee of cash flow, while operators need assurance that they will be able to benefit from their continued operation of a property. In place of a single document, management contracts now include numerous concurrent agreements that address such matters as real property rights; intellectual property rights; hotels as financial assets; hotels as operating businesses; and the needs of owners, operators, and lenders.
dc.description.legacydownloadsdeRoos5_Hotel_Management_Contracts_Past_and_Present.pdf: 6162 downloads, before Aug. 1, 2020.
dc.identifier.other4936070
dc.identifier.urihttps://hdl.handle.net/1813/71689
dc.language.isoen_US
dc.rightsRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
dc.subjectmanagement contracts
dc.subjectoperator and owner bargaining power
dc.subjectmanagement contract provisions
dc.titleHotel Management Contracts – Past and Present
dc.typearticle
local.authorAffiliationdeRoos, Jan A.: jad10@cornell.edu Cornell University
Files
Original bundle
Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
deRoos5_Hotel_Management_Contracts_Past_and_Present.pdf
Size:
211.51 KB
Format:
Adobe Portable Document Format