The Matter of Encumbrance: How Management Structure Affects Hotel Value

Volume: 58, Issue: 3, Pages: 293 - 311
Published: Jan 30, 2017
Abstract
Hotel owners have two fundamental concerns: the financial operating performance of their asset and its selling price. While they often contract a hotel management company to operate the hotel through a lease or management agreement, common industry perception holds that such encumbrance decreases the sales price of hotel real estate assets. This implies that owners who outsource the hotel’s management may be sacrificing a greater selling price...
Paper Details
Title
The Matter of Encumbrance: How Management Structure Affects Hotel Value
Published Date
Jan 30, 2017
Volume
58
Issue
3
Pages
293 - 311
Citation AnalysisPro
  • Scinapse’s Top 10 Citation Journals & Affiliations graph reveals the quality and authenticity of citations received by a paper.
  • Discover whether citations have been inflated due to self-citations, or if citations include institutional bias.