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.

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