In this article for the Westminster and Holborn Law Society, Joanne McIvor discusses the quiet revolution that seems to be taking place in the real estate sector.
There seems to be a quiet revolution taking place in the real estate sector. For many years, hotel operators have leveraged off their reputation and have monetised their branding. In the hotel sector, to be a successful hotelier you need to be first class at running hotels but you do not necessarily have to own or even have a long lease of the underlying hotel real estate asset. A welldrawn management agreement will usually provide adequate security and the mutual financial benefit sought by the owner of the property and the operator.
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