'Asset-light' managing or leasing?
Language: English Series: Journal of Retail and Leisure Property ; 6(2) April 2007, 97-99(3)Publication details: 2007Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L138713 (Browse shelf(Opens below)) | 1 | Available | 138713-1001 |
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.