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- Legal Compliance & Safety
- The Pitfalls and Pleasures of Joint Ventures Between Hotel Owners and Managers or Retail Tenants
In the traditional hotel owner/operator relationship the lines are drawn in the sand and the roles are clear. Just as the titles imply - the hotel owner owns the hotel and the hotel operator operates the hotel. The hotel management agreement governs the relationship and that's that. When a joint venture enters into the equation, these lines are not so clear and which party is taking on which role at which time gets to be an interesting, and often complicated question. Before a joint venture can be formed, several basic questions must be asked and answered. READ MORE