Exam 14: Franchise Agreements and Management Contracts

What is the name of the legal contract describing the relationship between a hotel owner and the hotel brand with which the owner seeks to affiliate?

The hotel occupancy tax is also know in the hotel industry as the

A hotel lender is considering making a loan to a hotel owner.If the hotel owner is utilizing a management company in the hotel's operation,the lender will most often

From the list of alternatives below,the hotel management company that would be ranked as largest would be the company

A franchised hotel generates $2,000,000 per year in gross rooms revenue.What amount of franchise fees is this hotel likely to be required to pay its franchisor on this level of rooms revenue?

Two primary advantages a hotel gains by affiliating with a franchised brand are name recognition and

A depressed hotel market is one in which

Who is responsible for verifying the accuracy of information presented in a Franchise Disclosure Document (FDD)?

Who absorbs a hotel's operating losses when it is affiliated with a national brand?

The entity that most benefits when the term length of a management contract to operate a branded hotel is shorter,rather than longer,is the

Who is the GM's employer when his or her hotel is operated as part of a branded chain?

The purpose of an area of protection clause in a franchise agreement is to

A manager works for a management company as the GM of a large full-service franchised hotel.Who will most affect the advancement opportunities given to this GM?

What is the primary role of a franchise service director (FSD)?

Which governmental agency in the U.S.regulates the actions of franchisors?

In an effort to rapidly expand the growth of an aging hotel brand,its brand managers may allow a significant number of brand

In most cases the fees charged by a management company to operate a hotel are based upon the

Who is most often responsible for any costs resulting from errors made by a management company in its operation of a branded hotel?

The purpose of a "window" in a franchise agreement is to give franchisors and franchisees the right to

A hotel owner of a 1,000-room resort has signed a new tier-two management agreement replacing the current management company and its agreement.When the new agreement takes effect,which member(s)of the hotel's current staff will most likely be replaced?