How Do Hotel Management Agreements Affect Hotel Loans?
There are 132,228 hotels and motels in the US in 2022, an 8.3% increase from 2021. Owning a hotel can be a profitable business. However, like any property owner, a hotel property owner becomes responsible for many aspects of their buildings. These responsibilities include renovations, refinancing, and acquisitions. However, hotel owners cannot make these decisions alone. Instead, […]
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