000 01081cab a22001935a 4500
001 L138713
008 070704s2007 xxk f 000 0 eng d
035 _a(Sirsi) u138713
041 0 _aeng
100 1 _aPage, Thomas
245 0 0 _a'Asset-light'
_bmanaging or leasing?
260 _c2007
490 _aJournal of Retail and Leisure Property
_v6(2) April 2007, 97-99(3)
520 _aExamines 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.
590 _aKA
651 4 _aUnited Kingdom
_y
690 _aPROPERTY-COMMERCIAL PROPERTY-LEISURE PROPERTY-HOLIDAY AND GUEST PROPERTY-HOTEL PROPERTY
942 _n0
999 _c78968
_d78968