The management contract typically allows for a hotel company to manage a property for:
• Perpetuity
• 5, 10, or 20 years
• As long as profits stay at 20% or more
• 2-3 years
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q7: Two organizations that rate and classify hotels
Q8: Hotels may be classified by a number
Q9: Marriott builds a hotel for $34 million
Q10: Which of the following is a benefit
Q11: The majority of franchise growth is found
Q13: In this type of ownership, investors do
Q14: The average franchise fees range from _
Q15: Motel 6 got its name from:
•
Q16: The Hilton and Sheraton brands did not
Q17: Hotels classified by location might include:
•
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