By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com
21 April 2008
Hotel Lawyer on hotel management agreements. Long-term, no-cut hotel management agreements: How to get the right brand and operator for your hotel project . . . and a deal you can live with.
The successful matching of a hotel brand and operator with an asset and its owner is an important determinant of the financial and operational success of a hotel project. Aside from the right "marriage" partners, the terms of the management contract tying them together is critical, because it will likely govern the relationship for decades and is hard to change once cast.
Question: What's more important for your hotel project than getting the "right" brand and operator?
Answer: Not much! Finding the right operator or brand for your project -- and achieving reasonable terms -- can make a significant and positive impact in key areas: value, financing, and operational success.
So how do you do that?
Continue reading "Hotel Attorney on Hotel Management Agreements. How to get the right hotel operator: part 1" »
Posted In: Hotel Management Agreements, Hotel Mixed-Use