Sir Jom_Module 3

One of the essential aspects of accommodation and operations.

Were family homesteads.

-The buildings were under the innkeepers' direct control.

-owned and managed by the same party.

-       required large sums of money, sums beyond the means of most families.

What are the Four basic types of hotel ownership and management

-       May have investors or others with a financial interest in the hotel, but the ownership structure is in one person or company's name.

-       also privately owned but has signed an agreement with another hotel brand to run the hotel operations.

-       an individual or company owns leased hotels, but typically leases the physical building.

-       privately owned, but the owner pays an up-front fee to purchase the franchise along with ongoing royalties.

-       can be owned by an individual or family or a small

group of people.