'Asset-light' managing or leasing?
Page, Thomas
'Asset-light' managing or leasing? - 2007 - Journal of Retail and Leisure Property 6(2) April 2007, 97-99(3) .
Examines factors to be considered by hotel operators when disposing of them as real estate assets but keeping them within their stable of brands. This is done by sale and manage-back, an emerging trend. Hotels are now recognised as an asset class, and there is also a high level of supply for other commercial property. Keeping property this way has the advantage of reducing exposure to profit fluctuations and eliminating rental costs. Lease-back still holds advantages however, if the agreement is structured to avoid risk.
United Kingdom--
'Asset-light' managing or leasing? - 2007 - Journal of Retail and Leisure Property 6(2) April 2007, 97-99(3) .
Examines factors to be considered by hotel operators when disposing of them as real estate assets but keeping them within their stable of brands. This is done by sale and manage-back, an emerging trend. Hotels are now recognised as an asset class, and there is also a high level of supply for other commercial property. Keeping property this way has the advantage of reducing exposure to profit fluctuations and eliminating rental costs. Lease-back still holds advantages however, if the agreement is structured to avoid risk.
United Kingdom--