HRT 203 Lecture Notes - Lecture 2: Kemmons Wilson, Franchise Agreement, Global Distribution System
6 Sep 2018
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If the owner had invested million in the property, the roi would be computed as: ,000/,000= 12: those who own hotels own two distinct assets, real estate, the operating business. Management companies: general managers: hired by owners to manage their hotel, an owner/operator may hire a management company if they have more than 1 hotel. Incentive fees earned or penalties assessed related to operating performance. Don"t forget to put your full name, and course section # and chapter # Chapter #2 print name: allison jung: transfer of ownership may be complicated. Hotel franchisors: the more hotels operate in the same single brand name, the greater the value of the name and thus the higher fees that can be charged for using it. 1st significant hotel franchising arrangement began in the 1950s with kemmons wilson and his. Hotel franchisee: when a hotel investor buys a franchise, the hotel can connect to the global distribution system (gds)
