We are a Chinese asset management company investing in several hotels that we are managing at a distance. However, we want to protect our investments. If the hotel runs over budget, we want to make sure to penalize that scenario. What are our options for doing that?
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Robert J. Ivanhoe answered:
If you are dealing with a major brand as manager, there is not much you can do. There is more ability to negotiate a bit better protections with an independent unbranded manager.