Hotel management agreement a hotel management agreement is a legal document wherein the operational controls of a hotel are handed over by the owner or the stakeholders of the hotel to another enterprise to carry out the managerial functions which include administration etc. Owner and sunstone hotel properties inc.
Hotel management contracts sample if a hotel owner does not wish to manage their own hotel they must draft up a contract using a hotel management contracts sample.
Hotel management agreement sample. From the hotel groups viewpoint hotel management agreements are a smart mechanism to expand globally with the strength of a chain and brand but without significant capital investment. All major chains today have to one degree or another expanded nationally and internationally through a combination of franchise and management and all have their own form or template agreements. Apart from this there are mixed forms of these standard models as well.
For a number of different reasons many hotel owners simply do not wish to actually manage the day to day responsibilities of the hotel business. The hotel franchise system. The hotel manager is responsible for establishing and maintaining proper accounting systems and records.
Now therefore this agreement witnesseth and it is agreed by and between the parties hereto as under. The hotel management agreement and. Hotel management agreements were borne out of a modified lease for the hong kong hilton back in 1963 and the main terms included in it underpin most hmas to this day.
The hotel manager is responsible for preparing a yearly operating plan for the hotel. These documents should be negotiated carefully and with the advice of an attorney who can highlight issues and help achieve the owners objectives. Hotel shall mean the entire structure existing on the land at the address or any extension thereof at any time during the term the this agreement and all building.
Operator a colorado corporation company. Part 1 definitions 1. The hotel manager will hire all staff and negotiate all contracts including union contracts.
In return of remuneration. This hotel management agreement this agreement is made as of the day of ipo date between sunstone hotel trs lessee inc. The nature of the relationship is that the operator is made responsible for the day to day running of the hotel including hiring and firing employees.
A hotel management agreement records the relationship between the owner and the operator of a hotel. This hotel management agreement template is generic not. A management contract like a franchise agreement is at the core of the myriad of agreements that an owner negotiates in connection with the ownership and operation of a hotel.
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