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An agreement between the owner/developer of a property + a professional hotel mgmt company. The owner/developer usually retains the financial + legal responsibility for the property, + the mgmt company receives an agreed-upon fee for operating the facility.

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1. An agreement between the owner/developer of a property + a professional hotel mgmt company. The owner/developer usually retains the financial + legal responsibility for the property, + the mgmt company receives an agreed-upon fee for operating the facility.





 
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