www.pkfhotels.com - HTLupdate 2
the art of operator selection One does often hear that the first step of developing a successful hotel is to secure a great location. This certainly holds true, however, the value of a hotel project is then further increased if one succeeds in having the second step accomplished, being finding the right operator with the right contract. The large hotel groups tend to offer mainly management contracts with the aim of minimising their exposure to risk and hence enabling them to sign a higher amount of deals.
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