A hotel that is owned by one company and operated by another is an example of _________________.
A) individual ownership
B) a franchise
C) a management contract
D) a REIT

Question

Quizplus · Accepted Answer

A management contract is an agreement between the property owner and a management company to operate the hotel. In this case, the owner of the hotel is one company, but the day-to-day operations are handled by a different company under a management contract.

A Hotel That Is Owned by One Company and Operated