4 ms·
Most of the largest brands in hospitality don't own their assets either, and operate a franchise instead.
by nnd 10y ago
Most of the largest brands in hospitality don't own their assets either, and operate a franchise instead.
- edblarney 10y agoEven the one's that don't operate as franchises still don't own the properties. Most of Four Seasons, Fairmont etc. - the actual properties are owned by sovereign wealth funds etc. - think Saudis who need to park huge reams of cash somewhere and sit on it.