Marriott builds a hotel for $34 million and sells it to a banking firm for $52 million.Marriott charges the banking firm 2 -4 % of gross revenues to operate the hotel.This business transaction is known as
A) management contract
B) Investment Partnership
C) REIT
D) franchising
Correct Answer:
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Q15: Examples of hotel location include
A)city,resort,airport,freeway
B)spa,convention,casino,bed and breakfast
C)full
Q16: Hotels may be classified by
A)size
B)country
C)type of recreational
Q17: The following are characteristics of airport hotels
Q18: Examples of hotel price classification include
A)full service,mid
Q19: In franchising,the franchisee is granted rights to
A)change
Q21: Discuss marketability of the sustainable hotel industry.Discuss
Q22: Mixed use hotel development indicates that a
Q23: Hotels that are typically furnished,have a well
Q24: List the six main types of hotels
Q25: You own a three star hotel in
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