New white paper shows management agreements are affected by the 11th edition of the Uniform System

Due to the recently issued 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI) published by the AH&LA, Michelle Russo, founder of hotelAVE, published a white paper to discuss the effects for management agreements.   

As a member of the Financial Management Committee, Russo's perspective was instrumental in the creation of this white paper addressing what owners and operators need to know for future management agreements. The white paper also shares details to allow them to evaluate and fully understand the impact and changes on management fees and performance tests. Along with recommendations to assess revenue terms, profit terms and thoughts for future management agreements, Russo also shares tips for evaluating current agreements before changes become effective Jan. 1, 2015.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.