103-PP15 - the history of management companies 2 Describe a...

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© 2011, Educational Institute Chapter 15 How Management Companies Manage Hotels Hospitality Today: An Introduction Seventh Edition (103TXT or 103CIN)
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© 2011, Educational Institute 2 Competencies for How Management Companies Manage Hotels 1. Identify unique characteristics of the hotel business, explain why hotel management companies came into existence, and summarize
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Unformatted text preview: the history of management companies. 2. Describe a hotel management contract. © 2011, Educational Institute 3 Management Contract Provisions • Operating term • Fee structure • Reporting requirements • Approvals • Performance • Termination • Operator investment • Operating expenses • Other provisions...
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103-PP15 - the history of management companies 2 Describe a...

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