Starting a hotel management company to help oversee multiple hotels in different hotel segments. the two-business partners have over 60 years of hotel experience in all segments from economy extended stay to full service hotels in operations, revenue management and sales. We have multiple leads right now from developers and other hotel industry leaders to operate their business, but need funding to fully start the business, travel to meet prospective clients, working capital to start the company and go to trade shows to meet prospective clients. We have been approved by two major brands to become an approved management company and expect to have three more by the end of the month.
As a hotel management company we charge a 5% management fee on top line room revenue for a contract term of 3 years when we sign a contract with a hotel owner.
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