Marriott builds a hotel for $34 million and sells it to an investment firm for $52 million. Marriott charges the investment firm 2-4% of gross revenues to operate the hotel. This type of transaction is known as a:
• Franchise agreement
• REIT
• Vacation ownership
• Management contract

Question

Marriott builds a hotel for $34 million and sells it to an investment firm for $52 million. Marriott charges the investment firm 2-4% of gross revenues to operate the hotel. This type of transaction is known as a: 
• Franchise agreement 
• REIT 
• Vacation ownership 
• Management contract

Quizplus · Accepted Answer

The Answer of Marriott builds a hotel for $34 million and sells it to an investment firm for $52 million. Marriott charges the investment firm 2-4% of gross revenues to operate the hotel. This type of transaction is known as a: 
• Franchise agreement 
• REIT 
• Vacation ownership 
• Management contract

Marriott Builds a Hotel for $34 Million and Sells It