Why Do Some Agreements Provide That the Manager Is the Owner's Agent and Some Do Not?
Baker & McKenzie's series discussing particular provisions and concepts within hotel management agreements.
There is one thing that every hotel room in the whole world has in common; when you turn the lights off they all look the same! When you stop to think about it, the activity which most guests spend the most time doing in their hotel room is sleeping! When you subtract out sleep time from their total time in the room, the hours a guest spends awake and conscious in a room is actually quite few.
It is difficult to identify another service provider who calculates its fees this way. Many service providers traditionally charge on a time cost basis but these days, fixed fees, retainers and incentivised arrangements are increasingly the norm.
Compliance officers and the compliance function should actively participate in setting the corporate strategy, according to the fifth annual State of Compliance Survey (2015) released today by PwC US.