Chapter 15 How Management Companies Manage Hotels

Chapter 15 How Management Companies Manage Hotels - Chapter...

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Chapter 15 How Management Companies Manage Hotels NAME ___________________________________________________ DATE _____________________________________ 1. Buying a franchise does not provide a hotel owner with: a. employee training programs. b. a tested and successful operating system. c. experienced managers and employees. d. marketing programs. 2. Hotel management companies came about because: a. early lease arrangements between hotel owners and independent hotel managers proved inadequate. b. individuals who didn't know much about hotels, such as developers and real estate investors, built hotels and wanted experienced people to run them. c. the Tax Reform Act of 1986 made it more advantageous for hotel owners to hire hotel management companies rather than buy a franchise or run the hotel themselves. d. hotel chains were no longer interested in managing their own properties. 3. According to the two-thirds/one-third lease, two-thirds of the __________ went to the owner and one-third went to the hotel company. a.
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Chapter 15 How Management Companies Manage Hotels - Chapter...

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