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) Investment Partnership
B) management contract
C) REIT
D) franchising
Correct Answer:
Verified
Q11: Hotels and motels that are part of
Q12: The lack of operational power, high fees,
Q13: The primary growth and development strategy of
Q14: Hotel companies are increasingly opting for _
Q15: In this type of "ownership" investors do
Q17: Purchasing the right to use a company's
Q18: Franchising fees vary according to the agreements
Q19: An organization that rates and classifies hotels
Q20: Corporations that operate a hotel without capital
Q32: Compare and contrast the following concepts: franchise,partnership,leasing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents