brand management company
A hotel company that has hotels operated under its brand for which it collects a brand fee, with the properties operated either under management contr [...]
independent operator
An unaffiliated third-party management company that operate hotel properties either unbranded or under some other company’s brand on behalf of their o [...]
independent hotel
A hotel that is operated by the property owner or an unaffiliated third-party operator. [...]
asset-light strategy
An investment strategy to reduced a portfolio of properties in favor of a lighter portfolio, allowing companies to grow business with limited requirem [...]
agency problem
When the owner's management control conflicts with the agent's effectiveness of strategy implementation, generally due to their divergent interests an [...]
hotel operator
The party that is responsible for a hotel's management and operational performance, either the owner (owner-operator) or a third-party hotel managemen [...]
