Callie and her husband are interested in a management contract. This type of arrangement typically involves hiring a hospitality company to operate the hotel on their behalf in exchange for a fee and a share of the profits.
Callie owns a hotel that she and her husband built several years ago. Due to some life changes, Callie and her husband no longer wish to operate this hotel and are looking to hire a hospitality company to manage the hotel for them in exchange for a fee and part of the profits. What kind of arrangement are Callie and her husband interested in?
(1 point)
Responses
management contract
management contract
REIT
REIT
timeshare
timeshare
vacation ownership
1 answer