Multiple Choice
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:
A) franchise agreement
B) management contract
C) vacation ownership
D) REIT
Correct Answer:
Verified
Correct Answer:
Verified
Q22: List and describe two unusual hotels found
Q23: Hotels classified by location might include:<br>A)city, resort,
Q24: Hotels classified by price would include:<br>A)city, resort,
Q25: _ are lodging facilities where the owner
Q26: Two major challenges of lodging franchising are
Q28: Motel 6 got its name from:<br>A)the first
Q29: Which of the following is a benefit
Q30: The Greenbriar, Homestead, and Banff Springs Hotels
Q31: Lighting can account for _ to _
Q32: Management contracts became popular in the 1970's