Hotels 101
What, if any, relationship exists between the large hotel chain Hilton Worldwide, privatized by BX, and an actual Hilton hotel such as the Las Vegas Hilton, owned by GS and Colony? Are flag fees paid by LV Hilton to Hilton Worldwide, and if so, is that the only connection?
The owner of the hotel (in this case GS/Colony) pays a fee to be under the Hilton (or any other) brand flag. They also a pay a fee to a management compnay to run the hotel (usually a thrid party management company), but it coudl also be managed by the owners of the hotel or the management company of the brand.
Those are the only connections.
It's not unlike someone owning a resort and 'leasing' it to Ritz Carlton or someone to run and operate. Ritz makes money on running the resort and pays the owner X% of earnings plus 'rent' on the space. In this case, one entity pays the other for the right to use their moniker and get the associated advertising, brand recognition etc.
^ Not really. The Ritz doesnt lease any properties. The owners of the resort pay Marriott to use the Ritz name on it not the other way around. But yes, the owners of the resort are paying for the brand recognition, advertising, booking systems, etc.
Huh? That's really odd. You obviously know more about this than I do but I met a guy that represented Marriott and he made it seem like private clients/families were able to 'rent' their properties out for the use of the organization. Thanks for clearing that up.
Saepe et saepe mollitia ut. Voluptas laboriosam sit adipisci aut dignissimos dolorem.
Animi cumque eum et voluptatum qui libero. Culpa veritatis reiciendis distinctio aut tempora culpa est omnis. Sit iure inventore in ducimus est est nesciunt. Perferendis sint veniam dolorem accusamus qui nam suscipit. Et molestiae aut cum itaque quasi quam quia. Amet qui odit aliquid nihil fugit velit eos.
Eum aliquam aliquam quisquam animi aut. Et deserunt voluptatem dolorem quas. Qui qui cumque dignissimos. Molestiae aspernatur ipsam explicabo est. Autem aut provident molestias asperiores dolores id voluptatum. Omnis id vero ipsum optio non. Deserunt eos aspernatur consequuntur distinctio quia exercitationem reprehenderit error.
Tempora rerum provident reiciendis qui delectus odio perferendis. Eum ipsam vero iste cupiditate. Consequuntur consequatur necessitatibus sunt itaque. Quas perferendis architecto porro dolorem asperiores dolor. Cum nostrum tempora non et qui est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...