This digital document is an article from Cornell Hotel & Restaurant Administration Quarterly, published by Cornell University on April 1, 1999. The length of the article is 3616 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: An analysis of 50 management contracts negotiated between 1997 and 1998 involving 60 US hotels showed that the duration of those contracts was shorter than contracts negotiated in the 1970s and 1980s. The mean term was 11.7 years, with one set of contracts ranging from four to six years, and another set at 20-24 years. Concerning penalties for early contract termination, the operator was entitled to penalty payments in two-thirds of the contracts in case of sale, while a penalty occurred in just one-third of the contracts in case of foreclosure. Citation Details Title:
Hotel management contract terms still in flux.(includes related article on Choice Hotels International's revision of its basic franchise agreement) Author:
Karen Johnson Publication: Cornell Hotel & Restaurant Administration Quarterly
April 1, 1999 Publisher:
Cornell University Volume:
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